 Weekend Reads Lightfast Media/Wikimedia Commons🇳🇬 To many young Nigerians, owning an iPhone is an enviable status symbol that warrants years of savings for a device that costs more than most working-class citizens earn. Tilewa Kazeem, reporting for Al Jazeera, follows the experience of a student in the Lagos’ Computer Village (pictured) — Africa’s largest technology hub — where the second-hand market for phones thrives. Kazeem notes that while the youth pursue the status, authorities still maintain the stereotype that young Nigerians with expensive devices are fraudsters. 🌍 Nuclear energy development continues to be a contentious subject, even as African nations race to transition to clean energy and attain energy-sufficiency levels. In an African Arguments essay, Wafa Misrar makes a case for and against the idea that Africa does not need nuclear energy. She states that there is no need for “the financial, environmental, and safety risks that come with nuclear,” but acknowledges the benefits of nuclear’s cost efficiency and high power output. 🇰🇪 Hustler Fund, a microloans program aimed at supporting Kenya’s poorest citizens, is falling short of expectations. In The Conversation, Eric Magale explains that the majority of people who took the loans, intended to promote financial inclusion, have since defaulted. And, it hasn’t achieved the stated goal of enabling economic empowerment. 🇨🇳 🇺🇸 China and the United States are investing in land and sea infrastructure in Angola as a way to access critical minerals in sub-Saharan Africa, write Jevans Nyabiage and Ralph Jennings. While Beijing has been in the southern Africa nation for more than two decades, the US entry with significant investments in the Lobito Corridor is a bold move to secure crucial supply chains while keeping Chinese influence in check. 🗓️ Week Ahead Nov. 17 — Some 7 million registered voters were expected to go to the polls today in Senegal to elect legislators. President Bassirou Diomaye Faye hopes his party wins a clear majority in the National Assembly to implement his promised economic reforms. Nov. 18 — South Africa’s third biggest mobile operator, Telkom, is set to release interim results. Nov. 20 — Southern Africa regional bloc SADC will hold a summit to discuss the post-electoral crisis in Mozambique. Nov. 20 — Kenya’s finance ministry is expected to launch hearings to prepare the 2025/26 (July-June) fiscal budget. Protests against tax hikes led to the dropping of the 2024/25 finance law. Nov. 20-22 — Africa Food Show Morocco, the B2B platform for global food and beverage suppliers trying to increase their footprint in Africa, will take place in Foire Internationale de Casablanca, Morocco. Nov. 20-23 — The Aké Arts and Book Festival will take place in Lagos featuring Nobel laureate Wole Soyinka and authors including Nnedi Okorafor, and Nnamdi Ehirim. Nov. 21 — South African discount fashion retailer Mr Price will report full-year results. Nov. 23 - 25 — The 2024 African Economic Conference will be held in Gaborone, Botswana, to explore ways to secure Africa’s economic future. For Your ConsiderationDec. 23 — Early-stage, for-profit technology start-ups leveraging AI or blockchain technologies that have the potential to create radical change for children are invited to apply for the UNICEF Venture Fund. |