A&K Articles Contribution July 2022 – Economic Analysis
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Agriculture under the African Continental Free Trade Area (AfCFTA)
The most important sector of the African economy is agriculture. It contributes 15% of Sub-Saharan Africa’s Gross Domestic Product (GDP) and employs over 60% of the continent’s workforce. Agriculture accounts for 75 percent of Africa’s internal trade.
The Data Protection Registration Act comes into force on July 14, 2022
From 14 July 2022, the provisions of the Data Protection (Registration of Data Controllers and Processors) Regulations 2021 (the Regulations) will come into force and the process of registration with the Office of the Privacy Commissioner Data Protection (ODPC) will also commence for data controllers and data processors.
Deepening African Economic Integration
The African Union (AU) is commemorating African Integration Day with a two-day event in Lusaka, Zambia from July 6-8, 2022, exploring the e-commerce potential of the African Single Market. On July 8, 2022, the Boma of Africa will make their third comeback since 2019.
The impact of ESG conditions on financial institutions and their lending decisions
ESG (Environment, Social and Governance), a concept once considered a first-world phenomenon, is unquestionably global. It refers to a wide range of environmental, social and governance factors that companies are progressively inculcating in the way they do business. These factors have also been used to establish the criteria by which “socially responsible investors or conscious investors” assess whether to invest in a particular company.
Fighting Cybercrime on Critical Infrastructure in East Africa
The global cost of cybercrime is projected to reach approximately $6 trillion by the end of 2022 and $10.5 trillion by 2025. These estimates represent a staggering increase in the frequency and scope of cybercrime that hit an all-time high of around $1 trillion in 2020, according to McAfee’s The Hidden Costs of Cybercrime report.
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