NORTH AFRICA | Web3 Startups in MENA Region Raised $1 Million in May 2024
A total of 40 MENA startups raised $282 million in May 2024 marking a remarkable 413% increase from April’s $55 million. This growth was primarily fueled by debt financing which contributed nearly $140 million to the total amount raised. Overall, the proptech (property technology) sector took the lead as the top-funded sector, garnering $167.2 million over seven rounds. The fintech sector notably lagged behind attracting $32.7 million in investments across 12 startups positioning it as the second highest-funded sector. Additionally, three startups in the logistics industry secured substantial funding totalling $25.3 million.
Source:The North Africa Journal
June 10, 2024 07:09 UTC
Directorate Change - Appointment of CFO
Chris takes over from Interim Financial Consultant, Michael Roper, who will stay on to provide a handover and facilitate a smooth transition. Chris brings with him over 20 years' experience as a Finance Director in various manufacturing organisations. His most recent role was with Weir Plc, where he served as Regional Finance Director for Europe, North Africa, and Central Asia for six years. Prior to this, from 2004, Chris held Finance Director positions with Jeld-Wen UK, Laing O'Rourke, The Latium Group, and Lafarge S.A.. We are confident that his expertise and leadership will be valuable to Surgical Innovations as we continue to drive our strategic initiatives forward.
Source:The North Africa Journal
June 10, 2024 06:47 UTC
'Full war' rages in North Darfur capital that was supposed to be haven
In Sudan's North Darfur state, displaced people and doctors say the paramilitary Rapid Support Forces are attacking hospitals and camps in the capital, El Fasher. Meanwhile, nonprofit groups say the world is paying little attention as a city that was supposed to be a haven for those forced out of their homes by war is being torn apart. Henry Wilkins has the story.
Source:The North Africa Journal
June 10, 2024 06:41 UTC
Mimosa puts its US$134 million North Hill project on hold
Platinum miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other challenges. The project, intended to replace the South Hill mine, has been suspended, pending an improvement in market conditions, according to Stephen Ndiyamba, general manager at Mimosa. Advertisement“We have felt that impact and we have taken various measures to correct the situation and remain in business. “We have planned to start what we call the North Hill Project, which is a new shaft located about 6 kilometres from our current operation. To counter that, the company plans to develop a new area, called North Hill.
Source:The North Africa Journal
June 10, 2024 06:17 UTC
Morocco : Morocco quietly continues cooperation with Israel despite tension over Gaza
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Source:The North Africa Journal
June 10, 2024 06:17 UTC
Algeria : North African competition for AU Commission deputy chair kicks off
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
June 10, 2024 06:17 UTC
South Korea resumes broadcasting anti-North Korea propaganda at border in response to trash balloons
SEOUL, South Korea (AP) — South Korea resumed broadcasting anti-North Korean propaganda through loudspeakers in border areas Sunday in retaliation for the more than 1,000 trash- and manure-filled balloons the North had sent over the last couple of weeks. In 2015, when South Korea restarted loudspeaker broadcasts for the first time in 11 years, North Korea fired artillery rounds across the border, prompting South Korea to return fire, according to South Korean officials. North Korea continued to fly hundreds of balloons into South Korea over the weekend, a third such campaign since late May. She also complained that anti-North Korean propaganda leaflets flown from South Korean activists had been discovered in border areas in recent days. South Korean media reported another activist group also flew balloons with 200,000 propaganda leaflets toward North Korea on Friday.
Source:The North Africa Journal
June 10, 2024 05:01 UTC
North American Fans Thrill For Dream India-Pakistan Showdown In New York
A sold-out crowd descended on Eisenhower Park on Sunday for a clash of cricketing arch-rivals India and Pakistan, facing each other in a T20 World Cup match that fans called a dream come true. Their 2019 ICC Cricket World Cup clash drew 229 million television viewers in India alone. “While we’re having a watch party here, there’s going to be a watch party around the world,” said Nassau County Executive Bruce Blakeman. Rain delayed the start of the match and officials were forced to suspend play minutes into the action due to another sudden downpour. “The atmosphere at an India-Pakistan game is something very, very different,” International Cricket Council (ICC) CEO Geoff Allardice told Reuters.
Source:The North Africa Journal
June 09, 2024 19:38 UTC
Reclaiming My Igbo Jewish Heritage
You go on and be the Jewish person of the family.”“With that, I bowed out,” says Simhah Tamar. Pursuing Jewish learning and observanceOnce she left the church, Simhah Tamar began exploring Judaism. Igbo Jews in Africa TodaySimhah Tamar is thrilled about the Jewish awakening taking place among the Igbo people in West Africa. With the expansion of global communication, the Igbo people are able to access Jewish educational resources and to connect with Jewish communities around the world. Many of them went through the formal conversion procedure, like Simhah Tamar, and are currently recognized as Jews by Jewish communities worldwide.
Source:The North Africa Journal
June 09, 2024 19:00 UTC
‘Failure of the negotiations’: Israel’s hostage rescue leads to one of the bloodiest days in the war
In Israel, the news of four hostages rescued from Gaza was met with cheering crowds and tearful scenes of reuniting families. Officials hailed the operation as miraculous and heroic, and offered a rare win for Israel's embattled Prime Minister, Benjamin Netanyahu. But it came at the expense of hundreds of Palestinians, who suffered one of the bloodiest days in Gaza. At home, opposition leader Benny Gantz was expected to resign from Israel’s war cabinet on Saturday over Netanyahu’s failure to adopt a postwar plan. Another 700 were injured in the assault and rescue operation, and more were believed to be buried in the rubble.
Source:The North Africa Journal
June 09, 2024 18:34 UTC
BlockDAG’s 43rd Dev Release: X1 Miner App Boosts Price To $0.011, Boasting Easy Interface and Powerful Mining Capabilities
With the 43rd Development Release, BlockDAG’s introduces the X1 Miner App, set to go live. This application, designed for ease of use and high mining efficiency, will soon be accessible on both the Google Play Store and Apple App Store. The forthcoming beta release of the X1 Miner App further captures public interest, available soon on the Google Play Store and Apple App Store. BlockDAG’s 43rd Dev Release: Innovations to the Next LevelBlockDAG’s 43rd Dev Release heralds the X1 Miner Beta App’s release on both major app stores. BlockDAG: The Future of Crypto MiningBlockDAG’s 43rd Dev Release signals a significant advancement, spotlighted by the impending beta launch of the X1 Miner App.
Source:The North Africa Journal
June 09, 2024 18:29 UTC
Ready for Huge Returns? Invest in These Five Coins to Quit Your Day Job
There is a rumor that an ETH whale, attracted by this tempting offer, is considering buying a hefty scoop of $CYBRO tokens to secure a place in this promising project. Holders of CYBRO tokens will get staking rewards, an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program. Dymension (DYM) Shows Mixed Market Sentiment Amid Recent GainsMarket sentiment for DYM appears cautious. Ethena (ENA) Market Sentiment Turns Cautiously OptimisticEthena’s price shows upward momentum with substantial long-term growth. AVAX Shows Mixed Signals Amid Steady ClimbAvalanche exhibits stable upward momentum, reflected by its recent price gains.
Source:The North Africa Journal
June 09, 2024 18:29 UTC
Somalia asks Ethiopian troops to leave before December 2024 – The North Africa Post
Somali authorities said Ethiopian troops, stationed in the country as part of an African Union peacekeeping mission, should leave the country before December 2024. The decision came as the mission’s mandate expires in a context of worsening ties between Mogadishu and Addis Ababa. Ethiopian forces will not be part of an African Union force that will stay in the country to protect key installations for one year starting January 2025, Somali National Security Adviser Hussein Sheikh-Ali told the media. Somalia opposed the deal and denounced it as a violation of its sovereignty and an act of aggression by Ethiopia. Kenya offered to mediate in the conflict between the two neighbors.
Source:The North Africa Journal
June 09, 2024 17:56 UTC
Morocco’s Flag Carrier to re-open Casablanca-Sao Paulo direct air link on Dec. 7 – The North Africa Post
Morocco’s carrier Royal Air Maroc (RAM) announced that it will re-open the Casablanca- Sao Paulo direct air link starting from December 7, 2024 with three weekly flights. The announcement was made while Brazilian Foreign Affairs Minister Mauro Vieira was visiting Rabat. Flights from Casablanca to Brazilian Sao Paulo will take place on Mondays, Thursdays and Saturdays, while return flights will take off from Sao Paulo on Tuesdays, Fridays and Sundays, RAM said in a press release. “We are very happy to re-launch the direct Casablanca-Sao Paulo air route, suspended since the health crisis. Brazilians, known for being football lovers, will be able to travel easily and comfortably with Royal Air Maroc, between Sao Paulo and the three countries organizing the World Cup, via the airline’s hub in Casablanca.
Source:The North Africa Journal
June 09, 2024 17:28 UTC
Missing Madison child found in North Dakota
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Source:The North Africa Journal
June 09, 2024 16:51 UTC