Navigating the future of the gas industry in South Africa
Jaco Human, the Executive Director of the Industrial Gas Users Association (IGUA) in South Africa looks at the country’s draft gas masterplan and the future of this resource in the country’s energy, transport and agri markets. “There is no official gas masterplan in South Africa, there’s a draft one. The problem with what we see in that draft plan is, [that] it is not it is not actually a plan in the first instance but it’s also not a realistic one.”He said one of the draft’s core assumptions around timelines – what project will supply which demand node – has “significant disconnects, so we are engaging with the government on that topic…”Plans for the gas industry in South AfricaHuman said the issue now is around how the gas industry moves forward in a defragmented market. “The industry is actually now in the process of implementing a gas aggregator model for industry by industry that will essentially bring the defragmented market together… pull all the volumes from which certain large capital transactions and investments could take place in order to secure gas energy into the future.”This interview took place at Enlit Africa 2024.
Source:The North Africa Journal
July 31, 2024 08:26 UTC
Balancing an inflated membership
China and India have also replaced the West as the most important crude oil export destinations for the Middle Eastern countries. Under the "OPEC+"cooperation mechanism, Russia has become a strategic partner of OPEC with the Middle Eastern countries as the main members. By gaining BRICS membership, the Middle Eastern countries hope to increase their presence in global affairs and expand their regional influence. The inclusion of the Middle Eastern countries will help further elevate the status of BRICS countries in global politics, economics, energy and finance. Integration and reorientation are the chief tasks for BRICS, which must balance the different interests and priorities of its inflated membership.
Source:The North Africa Journal
July 31, 2024 07:36 UTC
Axis House Group: supply chain solutions drive regional growth
Axis House Group has established itself as a key player in the international mining industry, providing high-quality chemical reagents. The company’s approach to supplying goods into West and Northern Africa demonstrates an understanding of the region’s unique challenges and the necessity for agile and adaptive supply chain solutions. Investing in port infrastructure to improve supply chain management in the region is critical for enhancing operational efficiency and port improvements. Improved port facilities streamline cargo handling processes, reduce transit times, and enhance overall supply chain resilience. RELATED:Green chemistry: Axis House Group committed to a greener futureBy leveraging the expertise of partners specialising in West African logistics enables Axis House Group to navigate complex regulatory frameworks and optimise supply chain routes, ultimately enhancing operational efficiency and client satisfaction.
Source:The North Africa Journal
July 31, 2024 03:46 UTC
19 feared dead after river boat capsizes in northern Ethiopia
State-owned media confirmed that the wooden-hulled vessel was transporting a group that was traveling to a funeral via the Tekeze River in Amhara, a war-torn region over 300 kilometres north of the capital Addis Ababa, when the incident occurred at around 12:00 local time on Saturday. Rescuers later pulled seven survivors and the bodies of two deceased individuals, both confirmed as passengers on the ill-fated boat, from the surrounding waters. The survivors, including a small child who suffered serious injuries, have since been brought to hospital for treatment.
Source:The North Africa Journal
July 31, 2024 03:35 UTC
Hapag-Lloyd increases rates from India and Pakistan to Med and North Africa
Hapag-Lloyd increases rates from India and Pakistan to Med and North AfricaShare This News Story:HAMBURG : German ocean carrier Hapag-Lloyd has announced increased ocean tariff rates from India and Pakistan to the Mediterranean and North Africa. This increase will be valid from 15 to 31 August. US$ per 20′ container:From To Current base rate level New base rate level Delta Nhava Sheva & Mundra, IN West Mediterranean & North Africa* US$3,352 US$3,952 US$600 Karachi, PK West Mediterranean & North Africa* US$3,352 US$3,952 US$600 Nhava Sheva & Mundra, IN East Mediterranean & Black Sea* US$3,352 US$3,952 US$600 Karachi, PK East Mediterranean & Black Sea* US$3,352 US$3,952 US$600US$ per 40′ container:From To Current base rate level New base rate level Delta Nhava Sheva and Mundra in India West Mediterranean and North Africa US$2,504 US$3,104 US$600 Karachi in Pakistan West Mediterranean and North Africa US$2,504 US$3,104 US$600 Nhava Sheva and Mundra in India East Mediterranean & Black Sea US$2,654 US$3,254 US$600 Karachi in Pakistan East Mediterranean & Black Sea* US$2,654 US$3,254 US$600Hapag-Lloyd noted that West Mediterranean and North Africa area include Spain, Portugal, Italy, Algeria, Morocco, Malta and Tunisia, while East Mediterranean and Black Sea area include Albania, Bulgaria, Croatia, Georgia, Greece, Israel, Montenegro, Libya, Romania, Cyprus, Slovenia, Lebanon, Turkey, Ukraine and Egypt.
Source:The North Africa Journal
July 31, 2024 03:17 UTC
Industrial Construction Projects Insights, Q2 2024: Top 20 Projects Per Region by Country, Stage, Value of Project, with Rankings of Key Operators (Leading Contractors, Consulting Engineers, Project O
Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "Project Insight - Global Industrial Construction Projects (Q2 2024)" report has been added to ResearchAndMarkets.com's offering. This report provides a detailed analysis of industrial construction projects globally. The report provides total project values and analysis by stage and funding for all regions. The analyst is currently tracking industrial construction projects with a total value of $4.3 trillion at all stages from announcement to execution. Reasons to BuyGain insight into the development of the industrial construction sector.
Source:The North Africa Journal
July 31, 2024 01:13 UTC
Lallemand makes strategic investment in Turkish enzyme company Livzym
The recently commissioned enzyme plant in Tuzla near Istanbul, Turkey provides state-of-the-art enzyme production capabilities. The Lallemand investment in Livzym, alongside equity raised from Turkish investors, will contribute to financing the expansion of the Tuzla plant to meet the growing demand for enzymes. As part of the strategic collaboration, Lallemand will market and distribute Livzym enzymes to customers worldwide and will involve cooperation around the development and production of the enzymes in Turkey. The strategic collaboration with Livzym and their fungal development and production platform perfectly complements our position within the enzymes sector. We are very excited about our strategic investment partnership with Lallemand, a leading global fermentation company, seeing it as a significant opportunity to advance sustainability and enzyme and alternative protein technologies through our precision fermentation capabilities.
Source:The North Africa Journal
July 30, 2024 21:49 UTC
Floating solar energy farm to built on reservoir in Mozambique
Mozambique is planning to build a floating solar power farm in the centre of the country, as part of a series of renewable energy projects over the next six years. The 100MW floating solar power farm is to be built by state-owned energy company Eletricidade de Moçambique (EDM) on the Chicamba reservoir in Manica province, according to news agency Lusa. Despite the growth in production, solar parks account for only 0.4% of total production in Mozambique in the first quarter. Solar and wind energy plans for MozambiqueThe country’s Energy Transition Strategy (ETS) envisages investments of around $80 billion by 2050. Additionally, the government is also looking at 200MW to 500MW of new onshore wind power capacity, in Inhambane and Lagoa Pathi.
Source:The North Africa Journal
July 30, 2024 21:24 UTC
Pepe Unchained Presale Hits $6.2M as Whale Invests Nearly $200K in $PEPU
Pepe Unchained presale surges past $6 million as whale invests nearly $200k, fueled by broader crypto market rally. Pepe Unchained ($PEPU) has reached a significant milestone in its presale, raising $6.2 million and generating substantial momentum to close July on a high note. Pepe ($PEPE) has only seen a 3.48% rise since Sunday, while PepeCoin ($PEPECOIN) has declined by 0.45% in the same period. As detailed in the transaction record (txn id: 0x47c60548d0c12280574f2475d8f5d31105bbffdeea27a1677ebc29eee4e072b2), 56 $ETH was used to acquire over 20 million $PEPU. Pepe Unchained’s smart contract has been thoroughly audited by Coinsult and SolidProof, with no critical issues found in its code.
Source:The North Africa Journal
July 30, 2024 21:02 UTC
A Joyous Leap to 100x Gains: MOONHOP Triumphs Over PEPE’s Woes & Brett Devotees’ Retreat
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Source:The North Africa Journal
July 30, 2024 20:24 UTC
Dozens of Russian mercenaries killed in rebel ambush in Mali, in their worst known loss in Africa
A Tuareg militant group spokesman said some Malian troops and Russian fighters had also been captured during the battle. According to some unofficial Russian Telegram channels, as many as 80 Russians were killed. The commander – call-sign Rusich – said on Telegram he was trying to convey a message to the Russian Defense Ministry. And in Syria five years ago, a disastrous attack by Russian mercenaries on an oil refinery led to dozens of casualties. One of them was an IED attack on a Russian vehicle in the same region of Mali as the latest devastating assault.
Source:The North Africa Journal
July 30, 2024 20:24 UTC
WienerAI Presale Nears End with Over $9M Raised — Less than 24 Hours To go!
WienerAI presale nears conclusion with $9M raised, whale invests heavily before potential price increase. The WienerAI presale is closing soon, with less than 48 hours remaining for investors to participate. The highlight was a whale who invested 114.15 ETH into the WienerAI presale, securing nearly 500 million $WAI. WienerAI’s AI-Enhanced Trading ChatbotWienerAI’s trading chatbot is powered by AI, functioning similarly to ChatGPT. With the WienerAI presale ending soon, now is the last chance to become an early investor in this transformative technology.
Source:The North Africa Journal
July 30, 2024 19:58 UTC
The Dark Side of Tunisia’s Phosphate Boom
Photos by Daniela Sala for Foreign PolicyREDEYEF, Tunisia—In Tunisia’s Gafsa Valley, the desert takes on a different guise. In the late 19th century, the French military officer and geologist Philippe Thomas stumbled upon the Gafsa phosphate reserve, marking the beginning of a transformation in Tunisia’s southwest. “This black dust is everywhere,” said Abdelbaset Ben Hmida, a resident of the mining town of Redeyef. However, phosphate extraction comes with significant environmental costs: While fertilizers make Western fields green, phosphate mining dries up southern Tunisian soil. This blockade paradoxically has contributed to the air pollution in the sleepy mining town, as a massive open-air stock of phosphates has been sitting in the town’s center ever since.
Source:The North Africa Journal
July 30, 2024 19:22 UTC
L’Oréal sales up 5% in Q2
L’Oréal said on Tuesday that second-quarter sales were up 5.3 per cent like-to-like at €10.88 billion, below consensus expectations of 6 per cent and down from the first quarter’s 9 per cent growth. By division, Dermatological Beauty (including Cerave and La Roche-Posay) led the charge, with sales up 10.8 per cent like-for-like, but missing consensus expectations of 17.4 per cent. Sales in North Asia, which includes China, were down 2.4 per cent cent like-for-like, a deceleration compared with the first quarter when sales in the region were down 1.1 per cent. The beauty market was negative in mainland China in the second quarter “on a tough comparison base, exacerbated by lasting low consumer confidence”, the company said. More from this author:Armani Group logs single-digit sales decline in H1Luxury’s 2024 outlook: Growth shrinks as Kering strugglesHermès bucks luxury slowdown with 13% growth in Q2
Source:The North Africa Journal
July 30, 2024 19:05 UTC
Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making
The startup, which has offices in Riyadh, Saudi Arabia; London, U.K.; and Boston, U.S. was founded back in 2021 but only launched its enterprise AI platform, EDIX, in March 2024. Yet even as the adoption of AI decision-making solutions takes off in business, there are plenty of challenges, as IBM has observed — including access to AI skills and expertise; data complexity; integration issues, high costs; lack of tools for AI model development; and ethical concerns. For regions such as MENA, uptake of automated decision-making has been slow, as most enterprise AI solutions are not customized to local needs, making them impractical for companies eyeing AI, argues Dr. Anas Alfaris, co-founder and CEO of Intelmatix. “[Rival AI enterprise] platforms are designed and trained on datasets from the U.S., and don’t digest data that includes the contexts of the MENA region. Intelmatix’s plan now is to shoot for greater scale by targeting large and medium businesses as well public entities in MENA.
Source:The North Africa Journal
July 30, 2024 17:35 UTC