Truecaller Active Users In Africa Reaches 43 Million

…introduces new business identity solution

Truecaller has revealed that its number of active users in Africa has reached 43 million. The company said the growth indicates a pressing need to increase trust in communication as the rise in fraud and scams using spoofed identities is on the rise across the continent. The telephone search engine and caller ID service also announced the launch of a new identity solution for businesses.

The enterprise solution dubbed “Truecaller Business Identity” allows businesses to verify their identities using a green verified business badge, which presents a name, photo and logo.

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Apart from the green caller ID and green verified business badge, a verified business on Truecaller gets a verified tick mark icon and can lock their brand name and profile photo. This lets consumers know exactly which calls to trust. Importantly, consumers will continue to see the number of spam markings as usual, and they retain the right to mark verified numbers as spam or block them completely.

Truecaller’s spam algorithms will still continue to work in the same way and the Truecaller global community of over 270 million active users will be able to mark calls that are potentially spam/scam/sales calls, even if they have a verified badge and caller ID.

Speaking during the launch, Zakaria Hersi, director of business development in Africa, said:

“Fraud continues to be a major issue across Africa and as a company, Truecaller wanted to provide solutions on a business level as well as a personal level. Trust is at the heart of everything we do and with so much of our lives lived through our phone, we need to ensure that our communication happens in a safe environment.”

Truecaller sdk brand spur

“Truecaller is ready to scale the offering to a significant number of businesses globally ensuring users can trust more calls coming from these businesses making communication safer for everyone. Our robust verification process can help consumers identify calls that can be 100% trusted to be initiated by a particular business. Over a period, this can result in a drastic reduction of frauds and scams that happen over phone calls,” added Sony Joy, VP and head of Truecaller Enterprise.

Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 Months

Dogecoin (DOGE) has spiked massively this week in value shocking everyone watching digital currency markets in action. DOGE jumped to a high of $0.44 per unit on Friday morning at 9:45 a.m. (EST).

At 11:16 a.m. (EST), DOGE 24-hour gains have jumped to 187.22% and seven-day gains have spiked over 497.11% against the U.S. dollar. Against bitcoin (BTC), Dogecoin has gained 465.06% this week.

Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 Months brandspurng1

Meanwhile, at the same time frame, stats also show that dogecoin has gained 3,872.55% in a mere three months. 509.30% during the course of the last month, and a whopping 18,299.46% against the U.S. dollar during the last 12 months.

DOGE transaction fees have jumped as well and the average transaction now costs 1.25 DOGE or $0.465 USD according to bitinfocharts.com. The statistics show in recent weeks as dogecoin (DOGE) values rise, DOGE network fees follow suit.

Dogecoin has also been getting a lot of attention from celebrities and businesses like Slim Jim, the famous beef jerky maker.

“To kinda quote a movie ‘Doge keeps going up, but our pricing at [the] Dallas Mavs Shop stays the same,’” Mark Cuban tweeted on Friday. “We just set a 24-hour record for merch sales in Doge,” the investor added.

At 11:00 a.m. (EST), dogecoin (DOGE) markets captured the 5th market position in terms of market valuation. At that time frame, DOGE’s overall market valuation was worth $50.35 billion. Some crypto advocates have been ecstatic and have been rooting DOGE on while others have called it “dumb money.”

At 12:33 a.m. on April 15, 2021, Tesla’s Elon Musk tweeted about DOGE once again. The Tesla CEO shared a meme and said: “Doge Barking at the Moon.” Subsequently, dogecoin prices started to climb relentlessly after that tweet.

Tesla’s Investment Takes Bitcoin Close To $50,000 BRANDSPURNG

On April 20, 2021, otherwise known as “4:20 Day” for many cannabis proponents, will also be “Doge Day,” according to a number of fans. “This day might push it to $1,” tweeted Christopher Muñoz on Thursday.

Galaxy Digital’s Mike Novogratz took a jab at dogecoin (DOGE) and XRP during his latest interview with Marketwatch when he called them “weird coins.” Because tokens like these have been spiking, Novogratz has warned of a crypto market “washout.”

Oil Demand Is Finally Bouncing Back – Report

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Oilprice.com, April 16th, 2021 – Oil prices moved higher this week after the demand outlook improved. While Covid cases are up significantly from a few weeks ago, and travel restrictions have proliferated, demand still looks strong and on the rise.

IEA raises oil demand forecast. The IEA raised its oil demand forecast for 2021 by 230,000 bpd, citing improving vaccination efforts and U.S. stimulus.

Exxon spends huge sums to defeat proxy moves. ExxonMobil (NYSE: XOM) is spending above $35 million to block proxy votes by activist shareholder Engine No. 1, and could spend as much as $100 million, according to Reuters, although Exxon disputes that figure. Analysts say it could become one of the biggest proxy fights in history.

New Zealand becomes the first country to require climate disclosure. New Zealand became the first country to require banks, insurers and investment managers to report the impacts of climate change on their businesses. The law affects banks and insurers with assets over NZ$1 billion, and all equity and debt issuers listed on the country’s stock exchange.

Oil majors’ struggle to sell $110 billion in assets. Large oil and gas companies are looking to sell off a combined $110 billion in assets to raise cash and pay down debt. But they may struggle to find buyers, according to Reuters. “This is not a very good time to sell assets,” Total (NYSE: TOT) CEO Patrick Pouyanne said.

California fracking ban dies in the state legislature. A proposal to ban fracking statewide in California fell short in the state legislature this week.

Bitcoin power consumption jumped 66-fold since 2015. Energy consumption for Bitcoin mining is up 66 times and the associated emissions are destined to receive greater scrutiny, Citigroup warned. Bitcoin uses more energy than the entire country of Argentina. The New York Times also did a deep dive on the issue.

Chevron invests in offshore wind for the first time. Chevron’s (NYSE: CVX) venture capital unit invested in Ocergy Inc.’s floating offshore wind turbines. “To my knowledge, this is the first investment by a U.S. oil major in offshore wind,” said Anthony Logan, a senior analyst at Wood Mackenzie Ltd.

Exxon cuts Guyana production due to compressor problem. ExxonMobil (NYSE: XOM) cut its Guyana oil production by 75% down to 30,000 bpd due to a problem with a compressor on its offshore platform.

BP halts production at Shetlands oil field. BP (NYSE: BP) suspended production indefinitely at its Foinaven crude oil field west of Shetland.

Pioneer warns of a price war if shale moves too fast. Pioneer Natural Resources (NYSE: PXD) CEO Scott Sheffield warned that OPEC+ would engage in a price war if U.S. shale grew production too quickly. “If we grow another million barrels a day next year, we’re going to have another price war in my opinion going into ‘23,” he said.

Exxon may exit Iraq’s West Qurna 1. Iraq’s oil ministry said that ExxonMobil (NYSE: XOM) may exit the West Qurna 1 oil field. The ministry said it is looking for buyers. Exxon operates the massive 500,000-bpd field.

Investors around the globe looking for ESG. More than 80% of affluent investors in Hong Kong, China, Singapore and the UK say that environmental and ethical issues matter and only a third have their investments tied to ESG factors, according to HSBC Asset Management. The data suggests there is an appetite for ESG investments.

WoodMac: Global energy transition to result in $10 Brent by 2050. Stricter climate policy could accelerate the energy transition, and a steep drop in demand could begin by 2023, according to Wood Mackenzie. Demand could fall to 35 mb/d by 2050, with Brent averaging between $10 and $18.

Goldman Sachs: Oil demand to peak by 2026. Goldman has been bullish on oil demand in the short run but expects “anaemic” demand after 2025 and a peak by 2026.

Biden expected to propose 50% cut in GHG. The U.S. is hosting a virtual climate summit next week, and ahead of that meeting, the Biden administration is expected to announce a 2030 greenhouse gas reduction target of 50%.

Report: 2035 100% EVs is possible. A new report shows that, with the right policy, it is technically and economically feasible for all new car and truck sales to be electric by 2035.

Shell opposes climate proxy vote. Royal Dutch Shell (NYSE: RDS.A) is pushing shareholders to oppose a climate resolution filed by activist investor Follow This.

Shell warns of stranded assets. Royal Dutch Shell (NYSE: RDS.A) says that it will have produced 75% of its proved oil and gas reserves by 2030, and will produce only 5% after 2040.

North American oil bankruptcies hit a 5-year high. Oil and gas bankruptcies in North America hit their highest first-quarter level since 2016, according to Haynes and Boone. There were eight bankruptcies in the first quarter.

The largest U.S. gas driller wants methane regulations. EQT (NYSE: EQT), the largest natural gas driller in the U.S., called for stricter limits on methane. The Pittsburgh-based company supports Congressional efforts to repeal the Trump-era rollback on methane limits.

Permian pipeline crisis. A few years ago, Permian drillers suffered price discounts due to inadequate pipeline capacity. Now they have the opposite problem: too many pipelines and not enough oil.

All is set for the 2021 Edition of Naija Corn Festival

The Lagos-based tourism development company, HLTT Consult, also known as Travel Begins at Home (TBAH), has assured Nigerians that efforts are in top gear for the 2021 edition of the Naija Corn Festival. The event which is for the third quarter of the year has opened her portal for registration. 

All is set for the 2021 Edition of Naija Corn Festival Brandspurng 1

The festival aims at showcasing the value and the worth of corn as a staple food in Nigeria, Africa, and the world at large. In developed countries, Corn is often referred to as “Yellow Gold” as a result of its economic prowess. Corn, also known as maize, is the most important staple cereal crop in sub-Saharan Africa.

It is rich in fibre and plant compounds that aid digestive systems and eye health. All parts of the crop can be used for food and non-food products for both human and animal’s consumption.

Speaking on the importance of the event, Oluwabunmi Akinyemi, Convener of the Naija Corn Festival said:

“Nigerians are widely travelled, even attending festivals abroad. With this event, we want to create a new attraction that will even attract foreign visitors to the country, promote food security and also have necessary conversations around corn and its economic importance to the nation.” 

Despite the prevalence of COVID-19 last year, the festival took place in Surulere, Lagos. It featured a corn outreach campaign that involved sharing corn and educating people on the economic importance, investments opportunities and uses of corn outside consumption.

With the Naija Corn Festival 2021, HLTT Consult continues to promote the importance of food security in Nigeria, and the agrotourism industry. As well as spotlighting important conversations centred around the staple crop.

Registration for the Naija Corn Festival 2021 is free, and open online. To register, visit https://naijacornfestival2021.eventbrite.ca or log on to eventbrite.com and search for “Naija Corn Festival”.

For sponsorship and opportunities to showcase corn delicacies for sale, call 07010130380 or send an email to hello@travelbeginsathome.com

Shyft Power Solutions Raises An Additional $3.1M Seed Round

…to Accelerate The Transition To Clean, Reliable, And Affordable Energy In Emerging Markets

April 8, 2021 – SHYFT Power Solutions, which builds IoT and software to optimize distributed energy resource performance and operational efficiency in emerging markets, has announced an additional $3.1M in funding to bring its total seed round to $3.8M.

The round was led by the SoftBank Vision Fund’s Emerge Program and Total Carbon Neutrality Ventures with participation from other investors including Lofty Inc, Samurai Ventures and Urban US Ventures.

SHYFT POWER SOLUTIONS RAISES AN ADDITIONAL $3.1M SEED ROUND TO ACCELERATE THE TRANSITION TO CLEAN, RELIABLE, AND AFFORDABLE ENERGY IN EMERGING MARKETS

Nearly 3.5 billion people lack access to reliable power. In many emerging markets, this has resulted in widespread dependence on backup power systems like petrol or diesel generators. SHYFT was founded by Stanford engineers to address the challenges in delivering and scaling clean, reliable, and affordable energy solutions in emerging markets that struggle with unreliable grids or energy access.

SHYFT’s initial focus is in Nigeria, a country set to be the 3rd most populous only to China and India, but were an unreliable grid has led to widespread dependence on generators, accounting for nearly 8x the capacity of the grid.

SHYFT is pioneering the digitization of the energy landscape in emerging markets like Nigeria. Its asset management solution delivers an integrated approach that uses algorithms to monitor, automate, and optimize how assets, as well as grid connections, are utilized individually and as an integrated system, aggregating a plurality of data streams while doing so.

By increasing visibility and control the system helps users to make informed decisions about which sources they use, how long they use a source, and when they switch sources. This enables operators to scale distributed systems in a cost-effective way, particularly in remote markets. It has resulted in operators improving RoI, reducing emissions, mitigating downtime, and reducing operational costs, in some cases by up to 57%.

“I was an engineering graduate student at Stanford at a time when solar was reaching grid parity and we were seeing advancement in distributed energy technologies. As a Nigerian-American with previous experience in infrastructure, I recognized that emerging markets have a unique opportunity to leapfrog over centralized grids and leverage advancements in clean, reliable and affordable alternatives to meet energy needs and at times work alongside centralized grids too”, said Co-Founder & CEO Ugwem Eneyo.

“I founded SHYFT to build the technology that can enable and accelerate this transition, and ensure that on the path to reliable energy access, the use of cleaner solutions can mitigate carbon emissions as well. We are fortunate to have investors supporting us where their sector and global experience will be invaluable”.

SoftBank Vision Fund’s Emerge Program was established in 2019 to provide select startups with access to the tools, networks, and support to take their business to the next level. Total Carbon Neutrality Ventures is focused on finding, funding, and fostering high-potential startups which will contribute to creating a low carbon future.

With the new round of funding, SHYFT plans to more than double its team in West Africa over the next year with a focus on developing AI capabilities to use its data and algorithms for system optimization. SHYFT will also look to build out corporate partnerships and expand to additional African markets facing similar energy resiliency and access challenges.

SHYFT’s customers and strategic partners include some of the largest and fastest-growing alternative energy companies in Nigeria, including Daystar Power Solutions and Aspire Power Solutions. After passing critical IEC safety testing for their controllers, the company began ramping up sales across Nigeria over the past year with their customers.

Today, they have over 2,000 kW of assets being managed by SHYFT technology and expect that to increase ten-fold by the end of 2021. Nearly every major bank in Nigeria has a branch using SHYFT technology, creating a path for SHYFT and its customers to deliver reliable power to the nearly 5,000 branches in the market.

Ademidun Edosomwan, Managing Director, Emerging Markets at Total Carbon Neutrality Ventures (TCNV), said:

“Energy is an essential need for all, yet it is estimated that more than 3.5 billion people globally lack access to affordable and reliable electricity. SHYFT’s technology will play a critical role in a global movement to democratize the way people manage their power sources.

They’ve developed data-driven software that enables homeowners and businesses in emerging markets to make smarter decisions on their energy use in order to cut costs and reduce emissions. We are delighted to support SHYFT’s momentum as Ugwem and the team continue to expand their impact and help build a better energy future for the world.”

FA Cup Semi-Finals, Copa del Rey Final Live on StarTimes

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Top-flight European football awaits sports fans this weekend on StarTimes.

Barcelona will seek their first glory this season as they battle Athletic Club in the Copa del Rey final on Saturday at 8:30 pm.

The FA Cup semi-final clash between Tuchel’s Chelsea and Guardiola’s Manchester City will take place Saturday in Wembley at 5:30 pm. Leicester City will face Southampton on Sunday at 6:30 pm.

FA Cup Semi-Finals, Copa del Rey Final Live on StarTimes

All matches will be aired live and in HD on StarTimes World Football Channel, currently sitting on its Basic for N1700 monthly and Smart Bouquet for N2200 monthly.

Tuchel has been a perennial trophy-winner with PSG and last season won the double with the club from the French capital.

Like Tuchel, his Manchester City counterpart, Pep Guardiola has made winning trophies his business. He seems on track to win his third league title with the club this season and would love to emulate the 2018/19 season when they won the double.

Guardiola has an embarrassment of riches when it comes to team selection, with Ilkay Gündogan and Portuguese centre back Ruben Dias arguably being the stand-out players for the side in the last few weeks.

Despite being a midfielder, Gündogan is the club’s top scorer this season so far and Chelsea will be hard-pressed to keep the German international at bay.

Sunday’s semi-final sees Leicester City take on Southampton and like the Chelsea v Manchester City game, the match will be played at Wembley.

The biggest problem Leicester face is that they are very dependent on the goals of Jamie Vardy and Kelechi Iheanacho, and if the two fail to score, Leicester struggles to win.

For Southampton, appearing in the semi-final is presumably, already a huge success, especially as they had to beat Arsenal to get there.

Nigeria’s Total IGR Drops By 1.93% to ₦1.31Trillion in 2020 – NBS

The National Bureau of Statistics (NBS) Published Internally Generated Revenue (IGR) at the State level for Fourth Quarter and Full Year 2020. The 36 states and FCT IGR figure hits N1.31trn in 2020 compared to N1.33trn recorded in 2019. This indicates a negative growth of -1.93% year on year.


Similarly, the Q4 2020 states and FCT IGR figure hits N335.25bn compared to N338.57bn recorded in Q3 2020. This indicates a negative growth of -0.98% quarter on quarter.

States Generated N612.87bn as IGR, Drops by 11.7% - NBS Brandspurng

Lagos State maintains the first spot

Lagos state has the highest Internally Generated Revenue with N418.99bn recorded, closely followed by Rivers with N117.19bn while Yobe State recorded the least Internally Generated revenue. Highest YOY % growth in Kebbi, Ebonyi & Lowest in Benue & Sokoto

2020 RANKING BY FULL YEAR IGR SHARE OF TOTAL

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Other states & the FCT

  • FCT IGR up 23.46% YOY
  • Osun IGR up 9.74% YOY
  • Taraba IGR up 24.21% YOY
  • Yobe IGR down -7.87% YOY
  • Zamfara IGR up 20.0% YOY
  • Oyo IGR up 42.23% YOY
  • Plateau IGR up 16.03% YOY
  • Rivers IGR down -16.53% YOY
  • Sokoto IGR down -37.93% YOY
  • Abia IGR down -2.66% YOY
  • Adamawa IGR down -14.17% YOY
  • Akwa Ibom IGR down -4.94% YOY
  • Anambra IGR up 6.22% YOY
  • Kebbi IGR up 87.02% YOY
  • Kogi IGR up 5.91% YOY
  • Kwara IGR down -36.03% YOY
  • Lagos IGR up 5.08% YOY
  • Nasarawa IGR up 14.90% YOY
  • Niger IGR down -17.55% YOY
  • Ogun IGR down -28.44% YOY
  • Ondo IGR down -17.55% YOY

States IGR data is computed by the National Bureau of Statistics and the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue.

These submissions are then validated and authenticated by the Joint Tax Board which is chaired by the Federal Inland Revenue Service and has the National Bureau of Statistics and the 36 State Boards of Internal Revenue as members.

Cashing In On Cashews: Africa Must Add Value To Its Nuts – UNCTAD

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The continent grows most of the world’s raw cashews but only processes a fraction of them, missing out on a wealth of opportunity offered by booming global demand.

The global market for cashews is booming, but the African countries growing more than half the world’s supply aren’t cashing in, a UNCTAD report says, due to their lack of processing industries.

Cashing In On Cashews: Africa Must Add Value To Its Nuts - UNCTAD
Workers clean cashews. Less than 15% of the nuts grown in Africa are deshelled on the continent. / © Renate Wefers

Between 2000 and 2018, world trade in raw cashew nuts more than doubled to 2.1 billion kilograms, and African producers – led by Côte d’Ivoire – accounted for almost two-thirds of the growth.

But the continent’s farmers and exporters get only a fraction of the final retail price, according to the report, Commodities at a Glance: Special issue on cashew nuts.

“Countries that grow cashews but don’t process them at a significant scale retain only a small share of the value created as the nut travels from the farm to store,” said Miho Shirotori, who leads UNCTAD’s work on trade negotiations and commercial diplomacy.

“African farmers, exporters and workers are missing out on a wealth of opportunities,” Ms. Shirotori said.

How Africans are missing out

Cashews thrive in the tropical climates of 20 western and eastern African nations, where about 90% of the raw cashew nuts traded in the global market are grown. Behind Côte d’Ivoire, the main producers are Tanzania, Nigeria, Benin, Guinea-Bissau, Mozambique and Ghana.

But less than 15% of the continent’s nuts are deshelled on African soil. The rest is exported mainly to Asia, where 85% of the world’s cashews are deshelled, which adds value to the commodity. Just two Asian nations – India and Viet Nam – accounted for about 98% of the world’s raw cashew imports between 2014 and 2018.

Even more, value is added in Europe and North America, where 60% of traded kernels are roasted, salted, packaged and consumed as a snack or an ingredient in a drink, bar or other product.

The cost of limited processing

Although it’s challenging to calculate how much Africans are losing, the report provides indicative calculations.

In 2018, for example, the export price of cashew kernels from India to the European Union was about 3.5 times higher than what was paid to cashew farmers in Côte d’Ivoire – a 250% difference in price.

And after secondary processing in the EU, the price of the cashew kernels was about 2.5 times higher than when exported from India – and about 8.5 times more than when they left the farm in Côte d’Ivoire.

“This shows the potential for value creation in African cashew-growing countries, 14 of which are classified as ‘least developed’,” Ms Shirotori said. “And value creation can lead to better wages for workers and more money for the local economy.”

Cashews can help reduce poverty

The report highlights the potential for cashews to contribute to the UN Sustainable Development Goals, particularly the one on poverty reduction.

“Since production typically takes place on smallholdings in rural areas, there is a direct link between value addition in the cashew sector and the achievement of poverty reduction,” the authors write, highlighting that cashews are a source of income for an estimated 3 million smallholder farmers in Africa.

Although cashews’ untapped poverty reduction potential is greatest in Africa, it’s also valid for the other nations where it’s grown in Asia and Latin America and the Caribbean.

The report highlights that all 46 countries producing cashew nuts “on a significant scale” are developing economies, 18 of which are classified as “least developed countries” (LDCs).

“Africa isn’t the focus of the report,” said Stefan Csordas, the report’s lead author. “But given that the continent produces more than half of global supply and is where 14 of the LDCs producing cashews are located, Africa features prominently in the analysis.”

A dozen of the other countries growing the nut are Asian (four are LDCs) – accounting for 43% of global production – and 14 are in the Latin American and the Caribbean region, which produces 5% of the world’s supply.

Figure 1: Raw cashew nut yields, selected countries

Cashing In On Cashews Africa Must Add Value To Its Nuts - UNCTAD Brandspurng
Source: UNCTAD calculations, based on data from the Brazilian Institute of Geography and Statistics, the Competitive Cashew Initiative (ComCashew), the Directorate of Cashewnut and Cocoa Development (DCCD) of India and Viet Nam statistical yearbooks

New market opportunities

A range of market trends mentioned in the report open opportunities for African processors. These include global consumer’s growing taste for healthier snacks and their increased preference for food products that are more environmentally friendly and ethically sourced.

“The traceability, transparency and sustainability of food supply chains is becoming increasingly important for consumers and suppliers,” the report says, highlighting that this could benefit African processors, who source their nuts locally rather than through long supply chains.

African processors that can meet the increasingly strict food quality and safety standards in global markets, could take advantage of growing demand for organic products, which in the EU grew, for example, by 121% between 2009 and 2019.

Better policies needed

While the backbone of the African cashew industry must be a stable supply of high-quality raw nuts, the report says processors also need a policy environment “that enables them to operate with competitive transformation costs and facilitates access to the main export markets.”

Policies aimed at supporting the cashew sector in African nations must therefore consider the entire cashew value chain: production, processing and trade.

According to the report, this would include:

  • Ensuring farmers have access to quality seedlings, technological know-how and market information.
  • Increasing training for farmers on entrepreneurship and farm management, including harvest and post-harvest practices.
  • Supporting public research that helps identify agricultural practices and technologies that work best in local environmental and economic conditions.
  • Improving rural infrastructure, including secondary roads, to better connect cashew farms and processing sites.
  • Facilitating market entry through technical skills development and better access to market information.
  • Strengthening capacity among cashew processors to meet quality standards in prospective foreign markets.
  • Promoting the development of cashew byproducts, such as beverages based on cashew apples, which are normally discarded as waste.
  • Fostering cooperation between cashew-growing regions to improve market stability, limit supply bottlenecks and reduce incentives for cross-border smuggling.

Such policy action and support would ultimately strengthen African countries’ productive capacities – the productive resources, entrepreneurial capabilities and production linkages that determine an economy’s capacity to produce and add value to goods and services.

UNCTAD Productive Capacities Index tracks how well countries have developed their productive capacities, allowing policymakers to trace their country’s performance over time.

Life After Brexit – Britons Predict More Expensive Food Prices And Falling EU Migration

New polling by Ipsos MORI, in partnership with the EU|UK Forum, shows that Britons are expecting food prices to become more expensive, fewer migrants to come to the UK from EU countries and holidaying in the EU to become more difficult.

  • Britons are more likely to say Brexit will have a negative impact on food prices, migration to the UK from the EU and holidays to countries within the EU;
  • Several sectors of the economy are also expected to be negatively affected, including transportation, agriculture and automotive;
  • The ongoing relationship between the EU and UK continues to be seen as important (although its lead over the Commonwealth has shrunk) and opinion is split as to whether the UK should rejoin the EU in the next 10 years. 

Food prices

Britons do not have a positive outlook when it comes to Brexit’s effect on food prices, 6 in 10 (61%) say Britain’s exit from the EU will make food prices more expensive. A quarter believes it will make little difference to the price of food, while only 5% think they will become cheaper.

Life After Brexit – Britons Predict More Expensive Food Prices And Falling EU Migration Brandspurng1

Migrants entering the UK

Only 13% of Britons expect more migrants to come to the UK from EU countries because of Brexit, half believe the number of people moving here will decrease. Around a quarter (27%) believe Brexit will make little difference.

The opinion is split when considering the effect Brexit will have on migrants from countries outside the EU. A quarter says the number of people coming from these countries will increase while 27% believe the number will fall. Most people believe there will be no difference (41%).

Holidays

Over half of Britons expect Brexit to make it harder to go on holiday within the EU (55%), only 4% expect holidays to countries close to them to get easier while a third (32%) say there will be no difference.

Considering holidays outside of the EU, 15% say they are more likely to consider a holiday further afield as a result of Brexit while 1 in 10 (11%) say they are now less likely to do so. Two-thirds say Brexit will make little difference when choosing which country to visit on holiday.

Impact on sectors of the British economy

According to Britons, the sector most likely to be negatively affected by Brexit is transportation and haulage, 6 in 10 (58%) believe Brexit will have a negative impact on this sector while only 14% believe the effects will be positive.

Britons also expect negative impacts on agriculture (including fishing), automotive industry and other manufacturing industries (47%, 44% and 38% respectively).

Professional services (e.g. law and accountancy), the NHS and financial services and insurance are expected by most to see no impact as a result of Brexit (47%, 40% and 37% respectively).

All sectors considered in this survey are more likely to be expected to be negatively impacted than positively impacted by Brexit.

Would we rejoin the EU?

Despite relatively negative expectations for the future as a result of Brexit, opinion remains largely split as to whether Britons would like to rejoin the EU in the next 10 years. Just over two-thirds (35%) would like to see Britain join the EU again in the next decade while a similar proportion disagrees (37%).

Unsurprisingly, a majority of those who voted to remain in 2016 agree that they would like to rejoin the EU in the next 10 years (63%) while three-quarters of leave voters disagree (74%). Around one in ten (9%) leave voters would like to see Britain become a member of the EU again while a similar proportion of remain voters want to stay out (11%).

Britain’s relationships

When it comes to relationships, Europe is still seen as the most important to the UK (30%) compared to the Commonwealth (26%) and the US (18%). However, this has fallen significantly since last asked in September 2020 (41%) with the importance of the Commonwealth growing, from 20% in 2020 to 26% now.

An overwhelming majority believe it is important for the UK to maintain a close relationship with the EU after Brexit (78%), only 13% say this is not necessary. However, opinion is split as to whether this is likely. While 41% say a close relationship between the UK and EU is likely now that Britain has left, 44% believe it to be unlikely.

Over the next five to ten years, Britons expect the EU-UK relationship to negatively impact Britain’s economy (41% compared to 29% who believe it will have a positive effect) and their own lives (26%), 17% expect it to affect them positively.

The opinion is split when considering the impact the relationship will have on British society and Britain’s defence and security. Almost 3 in 10 (27%) say it will have a positive effect on British society over the next 5-10 years, the same proportion believes the impact will be negative. Similarly, a quarter (25%) say Britain’s defence and security will be positively impacted while 27% believe it will have the opposite effect.

Kelly Beaver, Managing Director of Public Affairs at Ipsos MORI, said:

We have seen from other Ipsos MORI polling that The Government’s current vaccine success has provided a halo effect when it comes to our relationship with the EU, but this latest data illustrates that Britons still have significant concerns about life after Brexit.  More people think they will be negatively impacted than positively, including concerns about rising food prices, summer holidays to countries in the EU, and haulage and automotive industries. Interestingly, despite these concerns, there is still no majority wanting to rejoin the EU.
When it comes to migration, one of the lynchpins of the Brexit campaign, the public expect to see a fall in the number of people migrating to the UK from EU countries.   Which, if proves to be correct, could have significant implications for the country.  What is clear is that we remain divided over Brexit, with neither a strong desire to re-join our EU neighbours nor to maintain our new-found freedom.

Paul Adamson, Chairman of Forum Europe and the EU|UK Forum says:

A large majority of respondents – as in the 2019 and 2020 polling – indicate that it it will be important for Britain to have a close relationship with the EU and a significant proportion recognise that there are still many important issues to finalise in that relationship. However, it is now viewed as automatic with respondents evenly divided as to whether a close relationship is likely or not.

Europa League Semi-Final Fixtures, Arsenal, Others Discover Opponents

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Arsenal will play Villarreal in the Europa Cup semi-final this season.

The Gunners who reached the final of this competition back in 2019 before being 4-1 by London rivals Chelsea in Azerbaijan, defeated Czech giants Slavia Prague 4-0 in the second-leg of their quarter-final clash at the Sinobo Stadium this evening, meaning they have won the tie 5-1 on aggregate.

Villarreal also beat Ajax 2-1.

Manchester United saw off Granada, to qualify on a 4-0 aggregate.

They face Roma in the semis.