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Kenyan Cities and Regions Highlight Nature’s Role Ahead of UN Environment Assembly

Mayors, Governments and private sector leaders gathering this week for a Cities and Regions Summit have highlighted the key role of nature in their efforts to achieve reduce greenhouse gas emissions, stave off extreme heat, protect wildlife and filter pollution – all while creating jobs and economic opportunities – as part of efforts to slow the triple planetary crisis of climate change, nature and biodiversity loss, and pollution and waste.

At the Summit, which took place ahead of the resumed fifth United Nations Environment Assembly (UNEA) in Nairobi, Kenya, local and national leaders also showcased solutions ready to be scaled-up, such as tree planting, water body restoration, use of recycled and bio-based materials, as well as innovative financial models. “In thinking about the cities that we want, we now have a deeper understanding that cities must grow with the natural world, not against it,” said UNEP Executive Director Inger Andersen. “The grey in our cities is impacting human and environmental health; bringing the green back is a critical challenge. Local and subnational governments play a critical role and a central role in making these shifts.”

The Summit also saw the launch of the Coalition on Sustainable and Inclusive Urban Food and the release of a new report looking at the potential of urban agriculture to feed growing urban populations while bringing environmental benefits. The second UNEA Cities and Regions Summit released an outcome document that lays out recommendations to change the paradigm of cities and nature, make urban infrastructure greener and more resilient to environmental threats, and part of the solution to the triple planetary crisis.

Released by the International Resource Panel and UNEP, a new think piece documents the many benefits of urban agriculture and provides guidance on how to do it well. To give one example, a study in São Paulo, Brazil, showed that enhanced urban agriculture could supply all 21 million residents of the city with vegetables while generating more than 180,000 jobs – reducing poverty and inequity, improving nutrition, increasing well-being and generating livelihoods. “Responding to food systems challenges require changing how urban people eat and what they eat” said Izabella Teixeira, Co-Chair of the IRP. “Urban agriculture is a nature-based solution that can provide fresh and healthy foods to urban dwellers and contribute to climate change mitigation and adaptation. The understanding of local context in which its being implemented is crucial to deal with uncertainties and maximize its benefits.”

However, more research is needed to fully understand the effectiveness of urban agriculture and the policy actions needed to tap its potential. Local contexts and uncertainties need to be clarified, while diverse forms of urban agriculture must be integrated into a portfolio of approaches that cover land-based and vertical farming, poultry and fish-farming, and high-tech indoor techniques.

The Summit also saw the launch of a new Coalition launched by the Food and Agriculture Organization of the United Nations (FAO), UNEP, Global Alliance for Improved Nutrition (GAIN), C40, United Nations Human Settlements Program (UN Habitat) and other partners which will leverage knowledge, resources and multi-level partnerships in support to urban food systems that are sustainable and take nature into account. The coalition is an outcome of the UN Food Systems Summit.

Urban areas are acknowledged as drivers of environmental degradation, nature loss, climate change, and pollution. Yet, more recently, there has been a recognition of the value of nature in cities. The document calls for flipping the script by removing barriers to progress, including on coordination and multi-level governance, innovative finance and unlocking investments, and planning and designing with and for nature. It also provides recommendations for each, building on UNEP’s report to the G20 on Harnessing the Power of Nature-based Solutions for Resilient, Smart and Sustainable Cities. “When we invest in nature and we integrate that into climate strategy, into infrastructure standards, into building codes, and into planning guidelines, then we make the difference,” UNEP’s Inger Andersen added. “And when we invest in that mangrove forests that protect the city or that urban wetland that can collect t water and heavy rainfall then we are investing in nature’s infrastructure.” The outcome document also calls for subnational action under the UN Decade on Ecosystem Restoration, which aims to accelerate efforts to restore millions of hectares of degraded land and bring back biodiversity.

This article was from a press release distributed by APO Group.  You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com

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Kenya’s MarketForce Raises $40M Series A to Scale Up

On February 22, 2022, MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa. The raise comes 7 months after concluding a pre-Series A round. The round was led by V8 Capital Partners – a London and Lagos based African-focused investment vehicle – with participation from Ten13 VC, SOSV Select Fund, Vu Ventures, Vastly Valuable Ventures and Uncovered Fund, along a number of existing investors; Reflect Ventures, Greenhouse Capital, Century Oak Capital and Remapped Ventures. Ken Njoroge, Cofounder and former CEO of Cellulant also participated in the round and joins the board as Chairman. The oversubscribed round was made up of equity and debt.

In sub-Saharan Africa, approximately 90% of household retail transactions are in cash, and delivered through a network of about 100 million MSMEs. Retail payments on the continent are expected to top $2.1 trillion by 2025, and MarketForce aims to digitize a large portion of these offline transactions. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is a leading B2B Commerce and Fintech marketplace that empowers informal merchants in Africa to order, pay and receive inventory digitally and conveniently, access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments.

MarketForce runs an asset-light operating model and is currently operational in 5 markets (Kenya, Nigeria, Uganda, Tanzania and Rwanda) with the merchant super app, RejaReja – which offers informal merchants next-day delivery for hundreds of SKUs from the leading FMCG brands. One year ago, MarketForce served about 5,000 customers: now, that figure has grown more than twenty-fold to 100,000 merchants, with the average transaction size tripling and revenue growing 27x over the same period.

On the supplier side, MarketForce monetizes through availing real-time market intelligence dashboards to FMCGs. MarketForce counts top consumer brands and financial service providers such as Nestle, Pepsi, Flour Mills of Nigeria, Bidco Africa, Chandaria Industries, Kapa Oil, Safaricom, Cellulant, Lami and Pezesha, to mention a few, as its partners. With this round of funding, MarketForce plans to scale merchant inventory financing through a BNPL offering, grow deeper in existing markets and avail more digital financial and banking services through its extensive merchant network. MarketForce has a team of 400 and intends to double the team before the end of the year.

“Our goal is be the ultimate partner for informal merchants, empowering them to maximize their profits and grow in a digital age by getting better service, assortment, and access to new revenue opportunities, outfitting them with the technology and support they need to transform themselves from simple FMCG outlets to comprehensive financial service hubs for the continent’s last-mile communities,” said Tesh Mbaabu, Cofounder and CEO of MarketForce. “We are targeting to serve over 1 million active merchants on our platform in Sub-Saharan Africa by 2025.”

 “The MarketForce team has demonstrated their ability to build a differentiated, powerful and all-inclusive digital commerce platform for merchants in Africa. We are proud to partner and build the future of retail in Africa by helping to optimize supply chains and catalyze the digitization of the African retail ecosystem, which holds a lot of untapped potential to improve incomes and enable millions of African merchants to grow their businesses,” said Tobi Oke, General Partner at V8 Capital and member of the MarketForce board.

This article was from a press release distributed by APO Group.  You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com

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Kaspersky Reports Steady Decline in Attacks on Mobile Devices in Africa in 2021

While analyzing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.

Overall, in 2021, South African users faced 38% less mobile malware attacks than in 2020, while other countries in the region have seen even more dramatic changes of their mobile threat landscape: Mozambique saw a 48% decrease, followed by Botswana (58%), Nigeria (59%), Ethiopia (69%) and Ghana (76%). The only countries where the share of attacks increased was Angola, where mobile malware actually grew by 12%.

This dynamic is a reflection of the global trend, as cybercriminals tend to invest less and less into the mainstream threats that are successfully neutralized by modern security solutions. Instead, they choose to invest more into new mobile malware that has become increasingly complex, featuring new ways to steal users’ banking and gaming credentials, as well as other strands of personal data. For instance, in 2021 Kaspersky detected more than 95,000 new mobile banking Trojans in the world, but the number of attacks using such malware remained similar. Additionally, the share of Trojans – malicious programs capable of executing remote commands – doubled, reaching 8.8% in 2021.

In addition to the strategic changes on the mobile threat landscape, experts also attribute the overall decline of mobile malware in 2021 to the enormous wave of attacks seen at the beginning of lockdown in 2020 as users were forced to work from home. That period also saw increased use of various video conferencing and entertainment apps, increasing the volume and spread of attack opportunities. Now that the situation has stabilised, cybercriminal activity declined as a result.

“Indeed, there have been fewer mobile attacks in general, however, the attacks we are still seeing have become more complex and harder to spot. Cybercriminals tend to mask malicious apps under the guise of legitimate applications, which can often be downloaded from official app stores. On top of that, with mobile banking and payment apps becoming even more widespread, there is a higher chance of cybercriminals targeting these more actively. Staying cautious and careful on the Internet and avoiding downloading unknown apps is good practice, but I also strongly recommend using a reliable solution. When it comes to the security of finances in particular, it is better to be safe than sorry,” comments Tatyana Shishkova, security researcher at Kaspersky.

To protect yourself from mobile threats, Kaspersky shares the following recommendations:

It is safer to download your apps only from official stores like Apple App Store, Google Play or Amazon Appstore. Apps from these markets are not 100% failsafe, but at least they get checked by shop representatives and there is some filtration system — not every app can get onto these stores.

Check the permissions of apps that you use and think carefully before permitting an app, especially when it comes to high-risk permissions such as Accessibility Services. The only permission that a flashlight app needs is to the flashlight (which doesn’t even involve camera access).

A reliable security solution helps you detect malicious apps and adware before they start behaving badly on your devices. Conveniently, you can get protection, like Kaspersky consumer products, directly from mobile operators.

If you are a business, consider taking a holistic approach to the protection of your security perimeter, selecting the most appropriate one for your company.

iPhone users have some privacy controls provided by Apple, and users can block app access to photos, contacts and GPS features if they think these permissions are unnecessary.

A good piece of advice is to update your operating system and important apps as updates become available. Many safety issues can be solved by installing updated versions of software.

Kaspersky calls on the mobile industry to enhance cyber protection at all levels, including security for their users, by providing tailored cybersecurity services. Kaspersky Consumer Business Alliances enable companies to offer their customers complete cybersecurity portfolios by backing them with Kaspersky’s global support and expertise.

This article was from a press release distributed by APO Group.  You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com

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IsDB and TOSSD to Help SDGs Build Capacity on Monitoring Flow of Resources

The Islamic Development Bank Institute (IsDBI) and the Total Official Support for Sustainable Development (TOSSD) Secretariat at the OECD with the support of the European Union hosted a series of capacity-building webinars on a new international standard for monitoring resources flowing into developing countries for their sustainable development. The webinars for the IsDB member countries were held virtually on 10, 16 and 17 February 2022.

One of the challenges in monitoring the Sustainable Development Goals (SDGs) is to have reliable, accurate statistical reporting systems to measure the progress in various indicators. The TOSSD framework aims to establish a new international standard to monitor all official and private resources mobilized through official means flowing into developing countries for their sustainable development.

The framework also includes statistics on the contributions to International Public Goods, including through South-South Cooperation and Islamic Finance, that help countries achieve the SDGs. Thus, TOSSD complements the Official Development Assistance (ODA) measure by including these missing flows.

IsDB Institute’s collaboration with the TOSSD Secretariat, which is hosted at the Development Cooperation Directorate of the OECD, will help IsDB member countries establish statistical systems to better report on SDG17. With a coherent, comparable and unified system for tracking SDG-relevant investments, TOSSD will inform IsDB member countries for strategic planning, identifying emerging needs and priorities, and assessing progress.

The first webinar consisted of a general presentation of the TOSSD framework, including its political anchorage, scope, main features and benefits, as well as the recent developments related to the framework. It also included an introduction by the IsDB of the relevance of TOSSD in the context of Islamic Finance and South-South Co-operation.

The second webinar provided concrete guidance on how TOSSD reporting is carried out. It mainly targeted development co-operation providers, particularly staff in charge of reporting on development finance in the Ministries of Planning and Finance and National Statistical Offices. The last webinar was dedicated to capacity building on the use of TOSSD data for staff in recipient countries that monitor the financing of the SDGs, are involved in development planning processes, or carry out analyses on development finance.

Over 60 participants from more than 30 IsDB member countries and organizations attended the webinars. The collaboration between the IsDBI and the TOSSD Secretariat will continue to build capacity, disseminate knowledge, and establish reliable systems to measure the progress of IsDB member countries towards SDGs. As a result of the webinars, 5 IsDB member countries have requested support to start reporting on the TOSSD framework.

This article was from a press release distributed by APO Group.  You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com

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Kenya’s MarketForce Raises $40M Series A to Scale Up

Mauritius Declares Readiness for Fourth Industrial Revolution