Nigeria: AfDB approves $500m loan for new energy programme
Nigeria is to receive a $500 million loan from the African Development Bank (AfDB) to help increase access to electricity and support the country’s energy transition plan. The Bank’s Board of Directors approved the loan to finance the first phase of the country’s Economic Governance and Energy Transition Support Programme (EGET-SP). The loan will help close the financing gap of the Federal Budget in the 2024/25 fiscal year, specifically supporting the implementation of the country’s new Electricity Act and the Nigeria Energy Transition Plan. Programme to support energy transition plan’s policiesThe Nigerian government launched the energy transition plan in August 2022. The energy transition plan envisions the development, by 2050, of 250GW of installed electricity capacity, 90% of which will be renewable.
Source:The North Africa Journal
August 01, 2024 13:28 UTC
Spirits and Beer performance in North America: The distinct differences between US and Canada’s On Premise
Despite Canadian and US spirits drinkers having a similar amount of categories in their repertoire, sales patterns highlight differences in each market. But while it commands 22% volume share of total spirits in the US, it only represents 15% in Canada. These include gin, which has ashare of total spirits volumes in Canada—much larger than the figure ofin the US. Whilst it’s easy to use the US as a benchmark for performance in Canada, OPM highlights the need for Canada-specific market measurement to unlock market-level opportunities in the channel. CGA by NIQ’s OPM solution delivers in-depth analysis of these and many more category trends in Canada’s On Premise.
Source:The North Africa Journal
August 01, 2024 11:59 UTC
Overcoming Barriers To Solar Energy In Africa: A Focus On Local Manufacturing And Policy - Research
Despite having significant renewable energy resources, these remain largely untapped. Despite lagging in installed renewable energy capacity, Africa possesses large untapped renewable energy resources. Solar energy is projected to outcompete other power sources across the continent by 2030. Develop Renewable Energy Infrastructure:The G20 and other partners should support Africa in unlocking its renewable energy potential, including green hydrogen. Strengthen Africa’s participation in renewable energy technology value chains, including lithium-ion batteries.
Source:The North Africa Journal
August 01, 2024 10:53 UTC
African Finance Corporation confirms Tulu Kapi financing
KEFI has provided its latest update on the company’s Tulu Kapi Gold Project in Ethiopia. KEFI has received confirmation from Project co-lender African Finance Corporation of its preliminary approval. These measures have been applied formally for the whole mining industry and not just for Tulu Kapi, because of the sector’s strategic importance at national, regional and local levels. These initiatives are succeeding, and several mining projects are now activating site preparations, alongside those at Tulu Kapi, which now include initial field and community-focused works. At Tulu Kapi our initial activities are already focused on engineering internationally and community consultations locally.
Source:The North Africa Journal
August 01, 2024 10:50 UTC
Morocco : Rabat mulls Moscow alliance to meet grain needs
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Source:The North Africa Journal
August 01, 2024 10:42 UTC
PRESSR: Gulf Insurance Group shareholders approve new Board formation
The board composition brings a wealth of knowledge and experience that will undoubtedly drive GIG towards greater innovation and growth in the insurance industry.”The new Board composition is as follows:Mr. Bijan Khosrowshahi, Group Chairman : A seasoned executive with extensive experience in global insurance markets. Mr. Khaled Saoud Al Hasan, Group Vice Chairman & CEO: Renowned for his strategic leadership and deep understanding of the regional insurance landscape. Mr. Jean Cloutier, Director : Expert in financial management and corporate governance within the insurance sector. Mr. Amin Hesham Ezzalarab, Independent Director : Chairman, Commercial Intl Bank Egypt, and is highly skilled in insurance operations and market expansion. Gulf Insurance Group enjoys the privilege of being the first triple-rated insurance Group in Kuwait.
Source:The North Africa Journal
August 01, 2024 10:12 UTC
Fertiglobe reports H1 2024 revenues exceed $1 billion
The company reported Q2 2024 revenues of $496 million, adjusted EBITDA of $156 million, and adjusted net profit attributable to shareholders of $15 million. In light of this, a proposal for H1 2024 dividends will be presented to the Board for approval in September 2024, with payment in October 2024. Fertiglobe’s own-produced sales volumes fell by 2% Y-o-Y in Q2 2024. Own-produced sales volumes were driven down by 5% lower own-produced urea volumes, which offset the impact of a 12% increase in ammonia sales volumes. When excluding the impact of the gas supply shortages in Egypt, Q2 2024 and H1 2024 own-produced sales volumes would have been up 8.1% and 6.6% Y-o-Y, respectively.
Source:The North Africa Journal
August 01, 2024 08:00 UTC
Tunisia : Italian grain trader Casillo on a roll
Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users. Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device. Either “Accept and close” to agree to all cookies or go to “Manage cookies” to review your options. You can change these settings at any time by going to our Cookie management page.
Source:The North Africa Journal
August 01, 2024 06:27 UTC
Al Jazeera journalists Ismail Al Ghoul and Rami Al Refee killed in Gaza
Share this: TwitterFacebookWhatsAppLinkedInEmailTelegramThe Committee to Protect Journalists calls on Israel to explain the killing of Al Jazeera Gaza correspondent Ismail Al Ghoul and camera operator Rami Al Refee in an Israeli airstrike west of Gaza City on Wednesday. “CPJ is dismayed by the news that Al Jazeera TV reporter Ismail Al Ghoul and cameraman Rami Al Refee were killed in an Israeli strike in Gaza,” said CPJ CEO Jodie Ginsberg in New York. Al Jazeera said in its live coverage that Al Ghoul and Al Refee were leaving the scene after an Israeli order to evacuate the area when they were hit, and that it believes the journalists were deliberately targeted. Al Ghoul was previously arrested by the IDF at Al-Shifa hospital in northern Gaza. CPJ has documented the killing of at least seven journalists and media workers affiliated with Al Jazeera since the start of the Israel-Gaza war last October.
Source:The North Africa Journal
August 01, 2024 04:44 UTC
DP World powers Nhava Sheva Terminals with 11 MW Green Energy, Cuts CO2 Emissions by 50%
DP World powers Nhava Sheva Terminals with 11 MW Green Energy, Cuts CO2 Emissions by 50%Share This News Story:MUMBAI : DP World, a leading global provider of smart end-to-end supply chain solutions, has successfully executed the open access sourcing of green power at its Nhava Sheva terminals, Nhava Sheva International Container Terminal (NSICT) and Nhava Sheva India Gateway Terminal (NSIGT), starting from July 1, 2024. The open access sourcing of green power initiative, with a cumulative capacity of 11 MW, is expected to replace approximately 75% of conventional energy needs at NSICT and 80% at NSIGT. Mr. Ravinder Johal, COO, Ports & Terminals, Operations and Commercial, DP World, Subcontinent, Middle East and North Africa, said ” The execution of open access sourcing of green power at DP World’s Nhava Sheva terminals is a pivotal step towards achieving our sustainability goals. By integrating green energy, we are significantly reducing our carbon footprint, in line with the Government’s Maritime India Vision 2030. Globally, DP World is committed to achieving net-zero carbon emissions by 2050.
Source:The North Africa Journal
August 01, 2024 03:35 UTC
Iran’s state media says Hamas leader Ismail Haniyeh was assassinated in Tehran
TEHRAN, JULY 31: Hamas leader Ismail Haniyeh was assassinated in Tehran, Iran’s paramilitary Revolutionary Guard said early Wednesday. Haniyeh was in Tehran to attend Iran’s President Masoud Pezeshkian’s swear-in ceremony on Tuesday. Iran gave no details on how Haniyeh was killed and the Guard said the attack was under investigation. Analysts on Iranian state television immediately began blaming Israel for the attack. Israel is suspected of running a years-long assassination campaign targeting Iranian nuclear scientists and others associated with its atomic programme.
Source:The North Africa Journal
August 01, 2024 02:29 UTC
What will it take to win the fight against AIDS?
In this edition of Straight Talk Africa host Vincent Makori looks at the UNAIDS report on the HIV/AIDS epidemic and discusses ways to go forward. For the first time in the history of the HIV/AIDS epidemic, the sharpest decline in new infections has been achieved in sub-Saharan Africa, but infections are rising in parts of the Middle East, North Africa, Eastern Europe, Central Asia and Latin America. Vincent is joined by Angeli Achrekar, deputy executive director for the Programme Branch of UNAIDS and Chip Lyons president and CEO of the Elizabeth Glaser Pediatric AIDS Foundation.
Source:The North Africa Journal
August 01, 2024 01:19 UTC
Kenya: Funding for LMCP to connect thousands more to electricity
The fifth phase of the Last Mile Connectivity Project (LMCP) in Kenya to connect homes to electricity, has received a KSh 1.85 billion (around $14 million) grant from the Japanese International Co-operation Agency (JICA). The funding will allow Kenya Power to connect 9,121 households across four counties – Nakuru, Kwale, Kilifi and Nyandarua. The JICA grant comes two months after Kenya Power signed 26 contracts for the implementation of Phase 4 of the LMCP. Kenya: More than 500,000 homes targeted for electricity accessBilly Onyango, the County Operations & Maintenance Engineer at Kenya Power, on the utility’s plans for grid modernisation to bring stability to the networkFAQs about electricity in KenyaWhere does Kenya get electricity from? Kenya Power is responsible for onward transmission of purchased electricity and is the sole distributor from the national grid to consumers.
Source:The North Africa Journal
August 01, 2024 01:16 UTC
Gas value chain in South Africa hits another stumbling block
TotalEnergies divest from oil and gas exploration in South AfricaTotalEnergies has also decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South Africa currently holds a 40% interest. The company’s exit follows the decision of partner CNR International to withdraw from Block 11B/12B, off the southern coast of South Africa, at the beginning of July. The largest producers of natural gas in South Africa are CEF (SOC) and Renergen. Does South Africa use gas for power generation? The country does not have any significant installed natural gas infrastructure, gas production or gas networks.
Source:The North Africa Journal
August 01, 2024 01:07 UTC
Morocco’s King Invites French President to Visit the Kingdom Following Paris Clear Position on Moroccan Sahara – The North Africa Post
King Mohammed VI has invited French President Emmanuel Macron to pay a State visit to the Kingdom following “the clear and strong position” adopted by France on the Moroccan Sahara. In a message sent to Macron, the King told the French President: “It is with interest that I received the important Message You addressed to Me on the occasion of the 25th Throne Day anniversary”. On Tuesday, Morocco’s Royal Office issued a statement describing as a “significant development” France support for Morocco’s territorial integrity and the autonomy plan “as the only basis” for a solution to the Sahara conflict under the Kingdom’s sovereignty. “This announcement by the French Republic, a permanent member of the UN Security Council, is an important and significant development in support of Moroccan sovereignty over the Sahara. In his letter to the King, Macron affirms “that the present and future of Western Sahara are within the framework of Moroccan sovereignty.”
Source:The North Africa Journal
August 01, 2024 00:02 UTC