• Powered by Ericsson IoT Accelerator, Telenor Connexion provides global connectivity to Wayout’s sustainable micro-factories
• Telenor Connexion to delivers cellular IoT connectivity management services, SIM cards and agreements with local operators
• Ericsson IoT Accelerator enables cost-efficient IoT connectivity management and operations using the secure, scalable and standardized worldwide mobile network infrastructure

Powered by Ericsson (NASDAQ: ERIC) IoT Accelerator, Telenor Connexion will provide global connectivity to Wayout’s sustainable micro-factories starting in East Africa and expanding into the Middle East, Asia Pacific and other markets in 2021. Wayout has engineered plug-and-play micro-factories for local production of clean, filtered water, with a minimal eco footprint. Powered by solar panels, the micro-factories offer an advanced water purification system.

According to the United Nations, 3 in 10 people lack access to safely managed drinking water services.

Wayout’s local solution eliminates the unnecessary logistics of bottling and transporting pre-packaged glass or plastic bottles. Each module is fully automated and can filter 70,000 liters of water, remove up to eight tons of CO₂ and up to 200,000 plastic bottles every month. The micro-factories are managed by a smartphone application to manage operations, monitor performance, and launch autocleaning.

Wayout’s local operations depend on reliable global connectivity. Powered by Ericsson IoT Accelerator, Telenor Connexion delivers the cellular IoT connectivity management services, SIM cards and all necessary agreements with local operators to provide truly global service. Ericsson IoT Accelerator is a global IoT platform, enabling cost-efficient IoT connectivity management and operations for any enterprise of any scale, using the secure, scalable and standardized worldwide mobile network infrastructure.

Ulf Stenerhag, CEO Wayout says: “Perfect drinking water should be a human right. Our idea is to make access easy and reliable. By leveraging spearpoint technology and robust engineering, our connected sustainable micro-factories enable infrastructure solutions and business opportunities for providing perfect drinking water locally, whilst reducing the environmental impact globally. We want to let it flow.”

Mats Lundquist, CEO, Telenor Connexion says, “Telenor Connexion is proud to provide global connectivity to Wayout. They are an innovative company that values and prioritize sustainability and is making an impact.”

Kiva Allgood, Head of IoT, Ericsson, says, “Our technology can help solve global challenges and accelerate sustainability. Together with Telenor Connexion and Wayout, we are using our global IoT platform to deliver business and societal value and contribute to the UN’s Sustainable Development Goals.”

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.

Illicit financial flows (IFFs) are movements of money and assets across borders which are illegal in source, transfer or use, according to the report entitled “Tackling illicit financial flows for sustainable development in Africa.”

It shows that these outflows are nearly as much as the combined total annual inflows of official development assistance, valued at $48 billion, and yearly foreign direct investment, pegged at $54 billion, received by African countries – the average for 2013 to 2015.

“Illicit financial flows rob Africa and its people of their prospects, undermining transparency and accountability and eroding trust in African institutions,” said UNCTAD Secretary-General Mukhisa Kituyi.

These outflows include illicit capital flight, tax and commercial practices like mis-invoicing of trade shipments and criminal activities such as illegal markets, corruption or theft.

From 2000 to 2015, the total illicit capital flight from Africa amounted to $836 billion. Compared to Africa’s total external debt stock of $770 billion in 2018, this makes Africa a “net creditor to the world”, the report says.

IFFs related to the export of extractive commodities ($40 billion in 2015) are the largest component of illicit capital flight from Africa. Although estimates of IFFs are large, they likely understate the problem and its impact.

IFFs undermine Africa’s potential to achieve the SDGs

IFFs represent a major drain on capital and revenues in Africa, undermining productive capacity and Africa’s prospects for achieving the Sustainable Development Goals (SDGs).

For example, the report finds that, in African countries with high IFFs, governments spend 25% less than countries with low IFFs on health and 58% less on education. Since women and girls often have less access to health and education, they suffer most from the negative fiscal effects of IFFs.

Africa will not be able to bridge the large financing gap to achieve the SDGs, estimated at $200 billion per year, with existing government revenues and development assistance.

The report finds that tackling capital flight and IFFs represents a large potential source of capital to finance much-needed investments in, for example, infrastructure, education, health, and productive capacity.

For example, in Sierra Leone, which has one of the highest under-five mortality rates on the continent (105 per 1,000 live births in 2018), curbing capital flight and investing a constant share of revenues in public health could save an additional 2,322 of the 258,000 children born in the country annually.

In Africa, IFFs originate mainly from extractive industries and are therefore associated with poor environmental outcomes.

The report shows that curbing illicit capital flight could generate enough capital by 2030 to finance almost 50% of the $2.4 trillion needed by sub-Saharan African countries for climate change adaptation and mitigation.