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Regulation, collaboration needed to fast-track global circular economy

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European Green Deal, Covid-19 and new technology change environmental landscape

Cross sector collaboration and enabling regulatory frameworks, as well as technology innovation, can fast track the achievement of circular economy goals. This is according to industry experts who were participating in Messe München’s first IFAT Impact virtual industry forum streamed from Germany last week.

The IFAT Impact forum, which also represents IFAT Africa, the continent’s leading exhibition for water, sewage, refuse and recycling assessed the European Green Deal, the impact of Covid-19 on environmental initiatives, and the way forward for waste management and recycling.

Highlighting the long-term importance of enabling a circular economy, William Neale, European Commission Circular Economy Advisor, said: “The circular economy is not just about waste, it is also about retaining value in the economy. And that is where the real potential is – in creating jobs.” He cited figures estimating that for 10,000 tonnes of waste products and materials, one job would be created if it was incinerated, six jobs would be created if it was landfilled, 36 jobs would be created if it was recycled and up to 800 jobs could be created if it was refurbished and reused.

The new European Parliament Green Deal, a roadmap for Europe becoming a climate-neutral continent by 2050, as well as a strategy to finance the Green Deal by attracting at least €1 trillion worth of public and private investment over the next decade, should be central to post-Covid economic recovery strategies, panellists said.

Pandemic impacts circular economy efforts

The Covid-19 pandemic was likely to impact both funding and progress on circular economy efforts, speakers said.

However, webinar attendees felt the impact would not necessarily be a negative one in the longer term: an online poll on what impact the corona crisis would have on demand for environmental technologies in the next five years found that 40% expected a positive effect and 38% felt the likely impacts were not clear yet.

Patrick Hasenkamp, Vice-President of the German Association of Local Utilities and President of Municipal Waste Europe, noted that the crisis had set the scene for broader collaboration:  “The current corona crisis has shown that we can work together in a co-ordinated manner. We must preserve this common team spirit and work hand in hand to achieve sustainability goals.”

Hasenkamp added that while no reliable statistics were available yet, the impression at European waste treatment and incineration plants was that a lot more waste was being generated during the pandemic. “More packaging material and biological waste is reported to be coming in,” he said. He attributed this to new hygiene regulations resulting in more food packaging, and to consumers purchasing convenience and takeaway meals instead of eating at restaurants.   

Enabling regulatory environment needed

Panellists said the regulatory environment could incentivise the use of recycled and recyclable materials and help enviro-tech innovators secure funding.

“Smart regulation and well-functioning municipal administrations are essential for a functioning circular economy. Investments in innovations, such as those we see at IFAT, are often not possible without new legislation,” said Dr. Christoph Epping, Head of Directorate WRII ‘Resource Conservation, Circular Economy’ at the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety.

“Politics must ensure crisp but attractive legislation, regulation and guidance. One major pillar of this change will be the financial and political support of breakthrough green innovation to disrupt markets with sustainable and green business models,” added Dr Eng. Sebastian Porkert, CEO of enviro-tech startup Ecofario.

Peter Kurth, President BDE (Federation of the German Waste, Water and Raw Materials Management Industry) and President FEAD (European Federation of Waste Management and Environmental Services) emphasized that regulators had a role to play in incentivising change in product manufacturing and helping drive circular economies. He said for example, public procurement could set an example by setting minimum levels of recyclates in products purchased.

He said this year alone, over 25,000 wind turbines would be sent to the waste market: “That is 125,000 tonnes of plastic which can’t be recycled and is hard to treat in other ways. We need legal frameworks for responsible manufacturing. We also have to enforce an end to the landfilling of untreated waste,” he said.

Innovation to drive better reduce, reuse, recycling programmes

The panellists highlighted the potential of innovative new technologies to help overcome current challenges in recycling.

Open data, access to data and the use of technologies such as Blockchain presented new opportunities to track products and share information about those products, said William Neale. “The real power in this is we now have an opportunity to attach data to a physical product, create digital product passports, and use technologies such as AI to improve sorting and recycling,” he said.

Lynette Chung, head of global sustainability at Covestro AG, agreed that digital innovation could support circular economy efforts. She noted that manufacturers faced significant challenges in moving toward a circular economy: not only did they have to test and source new materials, they also had to ensure the resulting products were fit for purpose and safe for consumers. “We have to work with the entire value chain, assess raw materials and understand what recycled products work in the market.  Industry needs to be given a chance to look at how to implement radical change across materials, recycling technologies and testing in order to address the issue we created some time ago.” She said digitisation and quantum computing could help industry achieve this change.

Also Read: Joan Nwosu- helping entrepreneurs and corporate professionals create meaningful lives

“Like our colleagues in Europe, Messe Muenchen South Africa also believes innovation and collaboration will be key to driving progress in a circular economy in Africa,” said Suzette Scheepers, CEO of Messe Muenchen South Africa. “Therefore, IFAT Africa 2021 will offer expanded opportunities for networking and collaboration, a showcase of the latest international innovations and technologies, and include high-level forums for knowledge sharing to further circular economy goals.”

IFAT Africa, to be staged at Gallagher Convention Centre for July 13 – 15, 2021, will bring together thousands of African stakeholders from across these overlapping sectors to discuss challenges, solutions and business opportunities in the crucial water, sewage, refuse and recycling industries.

The exhibition will also be strengthened with the addition of a Renewable Energy Zone and track sessions covering issues such as new trends in renewable energies, regulations and licensing for IPPs, energy storage, integrating renewables into existing power systems and new project opportunities in Southern Africa.

IFAT Africa will be co-located with food & drink technology Africa and analytica Lab Africa to enable knowledge sharing and networking across the broader value chain.

Issued by ITP Communications

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The Legatum Center for Development & Entrepreneurship at the MIT launches Foundry Fellowship for entrepreneurs in Africa

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The Legatum Center for Development & Entrepreneurship at MIT has launched the Foundry Fellowship, a first-of-its-kind leadership program for accomplished entrepreneurs who are considering their role in shaping the future of the African innovation ecosystems in which they work and live. At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators. The Fellowship is open to entrepreneurs working and living in Uganda, Ethiopia, Ghana, Nigeria, Kenya, Rwanda, and Senegal.

Building on the MIT ethos of Mens et Manus (Mind and Hand), the Foundry is a place where entrepreneurs come together to reflect on their achievements and shape their futures as leaders in business, investing, and governance. The program includes an interactive online curriculum followed by a three-week immersive session that brings the cohort together to explore innovation-driven ecosystems.

The Foundry Fellowship presents a unique opportunity to bring MIT resources and knowledge to these critical innovation ecosystems and, importantly, also offers MIT an opportunity to learn from successful leaders and their innovative solutions.

Professor Fiona Murray, Faculty Director of the Legatum Center, described this opportunity to expand MIT’s innovation network “[as] a moment for the Fellows to reflect on [their entrepreneurial] journey that also allows us to learn from them. They can use this experience as a stepping-off point as they move to the next stage of ecosystem-wide leadership.”

“As a school dedicated to the development of principled, innovative leaders who improve the world, MIT Sloan looks forward to welcoming the Legatum Foundry Fellows to Cambridge and to the MIT community,” said David Schmittlein, John C Head III Dean of the MIT Sloan School of Management.

A Collaboration between the Legatum Center and The Mastercard Foundation 

Through this collaboration with the Mastercard Foundation, the Foundry Fellowship will deepen the impact of leaders who are solving complex problems, creating jobs, and bringing essential services to millions through innovation-driven business models.

With the world’s fastest growing youth population, Africa is home to 4 of the world’s top 5 fastest-growing economies, has the fastest urbanization rate in the world, and has a rapidly expanding middle class predicted to increase business and consumer spending. Innovation and entrepreneurial solutions are a critical component to continued growth and prosperous people and societies across the continent. Africa’s entrepreneurs are building businesses that offer lessons in inclusion, sustainability, and value creation that extend far beyond the continent. As a global network of entrepreneurs, investors, and thought leaders, the Legatum Center’s Foundry offers a platform for leaders to share their stories and consider new ways to extend their impact in their local ecosystems and around the world.

Dina Sherif, Executive Director of the Legatum Center says, “To propel Africa forward and remain competitive globally, we need innovation-led entrepreneurship and robust African entrepreneurial ecosystems. The Foundry Fellowship supports African entrepreneurs to transition to entrepreneurial leaders who work with various stakeholders to strengthen and improve their ecosystems.”

The Foundry Fellowship is a competitive program for outstanding entrepreneurial leaders working in Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Senegal, and Uganda. The Legatum Center will accept nominations from May 3 – May 20, 2021. A nomination is not required to apply; entrepreneurs are invited to submit an application directly. All nominees and applicants must submit a completed application by 11:59 PM EDT on June 10, 2021 to be considered for the program.

Nomination and application information is available at The Legatum Center for Development & Entrepreneurship

An initial cohort of 15 Fellows will be selected for this fully-funded program.

 

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AI Expo Africa, Wesgro, and Zindi launch the Deepfake Africa Challenge

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AI Expo Africa, in partnership with Wesgro Film and Media Promotion and African Data Science competition platform Zindi, has launched the Deepfake Africa Challenge in a bid to raise awareness about deepfake media, tools and ethics on the African continent.

Deepfakes have been prominent in the news in the last two years as the tools and platforms that allow for such content to be produced are widely available and easy to use by both skilled and casual users.

While some deepfakes can be used to create fun, viral videos or new synthetic applications such as digital avatars that have multiple applications, they also can be used to manipulate or generate visual and audio content with the potential to deceive with subsequent negative impacts for people, organisations and wider society.

Dr Nick Bradshaw, founder & CEO of AI Media the company behind AI Expo Africa, stated, “The objective of the challenge is to create convincing deepfakes to highlight the power of this synthetic media, illustrating its creative potential for exploitation for both positive and negative outcomes and focusing debate about its ethical use or mis-use in an African context. We partnered with Zindi as they have the largest community of Data Scientists in Africa, and Wesgro Film Unit to tap into the award-winning creative industry based in the Western Cape, South Africa. This challenge is open to both creative and technical talent across Africa. We look forward to seeing the outcomes from the submission.”

Wesgro Film and Media Promotion head Monica Rorvik commented, “Deepfake media can have negative outcomes. This challenge serves as an opportunity and platform that we can leverage during this interesting time of the “Pandemic of deep fakes” – and by working together, and checking facts, we can learn together and gain some herd immunity.”

Zindi co-founder and CEO Celina Lee stated “Deepfakes are fast becoming a challenge of our time. Through the Zindi platform we are seeking to tap into the collective insights and creativity from twenty-six thousand African data scientists to shine a light on this topic and create debate about the potential harms these media and tools can do from a uniquely African perspective.”

Submission and evaluation

Submissions are welcome from across the African continent and from relevant communities including researchers, developers, content creatives and film makers. The winning submissions of the Deepfake Africa Challenge will be showcased at AI Expo Africa 2021 ONLINE between 7 to 9 September.

Submissions for the Deepfake Africa Challenge can be either video or audio based. Each submission should be no longer than 90 seconds in length (MP4 or MP3 preferred final format). The content submitted must not be offensive or harmful in anyway and any submissions deemed to contravene this rule by the judges will be immediately rejected.Winners must be citizens of an African country and must be residing in Africa.All entries will be judged as follows:
  1. Artistic creativity and relevance to the challenge topic
  2. Level of innovation used in the process to generate the content
  3. A short explanation of platforms, tools and techniques used to generate your submission will greatly enhance your submission and are encouraged so we can build a picture of the most common tools and techniques used

The judging panel will be made up of representatives from Zindi, The AI Media Group and Wesgro. The judge’s decision will be final.

Prizes

1st Place Winner: Complimentary ticket to join AI Expo Africa 2021 ONLINE (including 1x return economy flight & 4x nights hotel stay B&B courtesy of Radisson Blue to join us at AI Expo Africa 2022). The 1st Place Winner’s flight is eligible to delegates joining from outside the host city capped to $1000 using economy class fare. Expenses and visas are not included.

2nd and 3rd prize winners to receive 1x complimentary ticket to AI Expo Africa 2021 ONLINE.

Top 3 placed winners will have work showcased at AI Expo Africa 2021 along with write up and press mentions.

Timeline

The competition closes on 30th July 2021. Final submissions must be received no later than 11:59 PM GMT 30th July 2021. Winners will be notified and announced by 17 August 2021 with the winning submissions being showcased at AI Expo Africa 2021 ONLINE between 7-9 September.

The challenge organisers reserve the right to update the content timeline if necessary.

 

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Lami, Kenya-based Insurtech secures $1.8 million to accelerate digital insurance in Africa

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Lami team and press release (Source: Eva Barasa/Lami Tech/medium)

Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, announced today it had raised $1.8 million in seed funding.

The round was led by Accion Venture Lab’s seed-stage investment initiative that provides capital and extensive support to innovative fintech startups that improve the reach, quality, and affordability of financial services for the underserved.

Founded by Jihan Abass in 2018, Lami is a digital insurance platform that enables partner businesses — including banks, tech companies, and other entities to easily and seamlessly offer digital insurance products to their users via its API. Lami can also be used by partner businesses to manage their own insurance needs. Lami connects partner organizations, such as the e-commerce platform Jumia, with underwriters and allows them to offer a superior customer journey. Through its API, users can get a quotation for motor, medical, or other tailored insurance products in seconds, then customize the benefits and adjust the premium to suit their needs, get their policy documents instantly, and claims are paid in record time.

Lami’s services are enabled by its flexible insurance rating engine and direct integration with several parties and insurance companies. Lami co-designs innovative products with its underwriting partners to enable businesses to offer unique insurance products to their underlying customer base, with flexible options that meet their needs and cash flows, such as monthly medical policies for startup employees.

Jihan Abass, CEO & Founder of Lami (Source: Eva Barasa/Lami Tech/medium)

Jihan Abass, CEO, Lami, said: “This funding will allow us to invest in hiring more people, improving our technology, and growing our presence across Africa as we can continue to address the persistent insurance gap. At Lami, our vision is to help improve the financial resilience of millions by making insurance products more accessible and affordable for underserved populations. By enabling our business partners to offer customized insurance solutions, we are helping them provide more value to their customers while enabling large volumes of users to access insurance, often for the first time.”

Africa’s insurance market currently stands at a 3 percent penetration rate, except for South Africa, and is facing modernization and innovation challenges. Most insurance providers on the continent fail to offer flexible, affordable and tailored insurance coverage to provide a safety net for the African consumer. Low insurance uptake is partly due to the traditional distribution and administration of policies, mainly relying on brick-and-mortar channels where policies are sold and processed manually. This results in a longer processing cycle, poor customer satisfaction, and higher distribution costs.

Lami’s digital insurance platform leverages cloud computing, automation, and third-party service providers such as emergency and valuation, or identity and asset verification databases, to offer a comprehensive ecosystem for the businesses they partner with to develop, distribute and manage highly streamlined and competitive insurance products that are designed to meet their customers’ needs.

Since its inception, the insurtech startup has sold more than 5,000 policies and has partnered with more than 25 active underwriters, including Britam, Pioneer, and Madison Insurance, distributing more than 30 products available including medical, motor, employee benefits, and device insurance. As an innovator in the digital insurance space, Lami aims to continue diversifying its business by looking for new partners and building on its core technology.

Michael Schlein, President and CEO, Accion Venture Lab, said: “Ninety-seven percent of Africans lack access to insurance — a financial safety net that can help them build resilience against economic shocks. Lami helps address this need for consumers across Africa through its innovative approach that leverages technology and partnerships to help any business develop and sell insurance.”

“At Accion Venture Lab, we’re excited by how Lami is using technology to create a pathway for customers to purchase insurance that is specific to their needs. By embedding customized insurance within businesses that customers know and trust, Lami is making insurance accessible for underserved populations in Africa and enabling them to build financial resilience. “said Ashley Lewis, Africa Director, Accion Venture Lab

This investment highlights the strong commitment of all organizations to ensuring that financial services are made accessible and affordable for the underserved.

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