Pratt & Whitney Canada starts construction of new facility in Casablanca, another step towards boosting the Kingdom’s aerospace industry – The North Africa Post
In a major step towards strengthening Morocco’s aerospace industry, Pratt & Whitney Canada, part of the RTX Group, held earlier this week a groundbreaking ceremony for its new facility in the Kingdom, known as Pratt & Whitney Morocco (PWM), in the mid-park area in Casablanca. This new 12,000 square metre facility marks a milestone for Moroccan aerospace industry and will be dedicated to the manufacture of aircraft engine parts, including static and structural vacuum-processed components. “Today, we are witnessing the completion of this great project from Pratt & Whitney with the laying of the first stone. Detailed machined parts and components will support a variety of the company’s engine families, supplementing existing Pratt & Whitney facilities and suppliers. Pratt & Whitney Morocco will make a significant contribution to the future of the aerospace industry in Morocco and the region, cementing the Kingdom’s position as a leading centre of innovation and excellence in this vital industry.
Source:The North Africa Journal
May 29, 2024 12:25 UTC
Nigerian fintech startup Brass acquired by Paystack-led consortium
Nigerian digital banking startup Brass has been acquired by a consortium led by fintech heavyweight Paystack to alleviate liquidity concerns and avoid closure. Like other startups, Brass has been affected by global economic headwinds, and faced liquidity challenges that forced it to take on debt financing in order to process customer withdrawals. It has now been acquired by a consortium led by Paystack, and including Piggytech, Ventures Platform, and P1 Ventures. The consortium will now take on the startup’s assets and liabilities, with Akindolu and Okeke leaving the business. Brass has grown tremendously since we started this incredible journey, and it continues to be an important player in Nigeria’s SMB economy,” said Akindolu.
Source:The North Africa Journal
May 29, 2024 10:19 UTC
South Africa elections 2024 live news: ANC, Ramaphosa face key vote
blinking-dot Live updates Live updates,South Africa elections 2024 live news: ANC, Ramaphosa face key voteSouth Africans are voting in national and provincial elections that could test ANC’s 30-year rule.
Source:The North Africa Journal
May 29, 2024 08:35 UTC
Morocco : Crédit Agricole du Maroc grapples with heavy turbulence
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Source:The North Africa Journal
May 29, 2024 04:49 UTC
Morocco : UM6P Ventures coming to Paris to lure start-up founders
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
May 29, 2024 04:49 UTC
Progress steady on Malagarasi hydropower project in Tanzania
The proposed 49.5MW Malagarasi Hydropower Project, meant to improve power supply in western Tanzania, is steadily developing. According to the African Development Bank’s (AfDB) energy portal, the hydropower plant will utilise the Igamba Falls stage III with associated facilities (a switchyard in Malagarasi). Update on Tanzania hydropower and transmission projectsThe proposed grid-connected hydropower plant should provide an average annual energy production of 181GWh once completed. According to a recently posted Implementation Progress and Results Report by the AfDB, the Malagarasi Hydropower Project (HPP) is mostly on track. Compensation for people displaced by the hydropower plant and transmission line is also ongoing.
Source:The North Africa Journal
May 29, 2024 03:34 UTC
The ILO’s Social Finance Fellowship Programme 2024 for young professionals. – Opportunities For Africans
Application Deadline: 11 June 2024,Applications are now open for the 2024 International Labour Organization (ILO) Social Finance Fellowship Programme. The ILO’s Social Finance Programme invites applications from qualified professionals with expertise in inclusive finance, microfinance, insurance and development for inclusion in its Fellowship Programme roster and for potential placements in three countries: Mozambique, Sierra Leone, Solomon Islands. The objective of the programme is to match qualified professionals with organizations working on the frontiers of financial inclusion, micro finance and impact insurance, bridge skill gaps and create a new generation of professionals with experience serving low-income populations. The project could range from the implementation of a financial product, public-private partnership, digital solution, or distribution partnership. For More Information:Visit the Official Webpage of the ILO’s Social Finance Fellowship Programme
Source:The North Africa Journal
May 28, 2024 15:49 UTC
Middle East and North Africa Digital Advertising Market to Surpass Valuation of USD 44,827.0 Million by 2032 | Astute Analytica
Social media advertising is significant, with 78% of shoppers in the Middle East using social media for purchase inspiration, compared to the global average of 37%. Internet advertising in the MENA digital advertising market is projected to increase by about $500 million to $3.6 billion in 2023. Consumer behavior is equally diverse in the digital advertising market: MENA audiences are spread across different social media platforms. The overall advertising expenditure in MENA digital advertising market is set to exceed $12 billion by 2024, up from $9.2 billion in 2021. This technological investment is mirrored in the e-commerce sector, which is experiencing rapid growth, further fueling digital ad spend in the digital advertising market.
Source:The North Africa Journal
May 28, 2024 15:37 UTC
Green Hydrogen: TE H2 Partners with VERBUND on a Large Project in Tunisia
H2 Notos aims to produce green hydrogen using electrolysers powered by large onshore wind and solar projects and supplied with desalinated sea water. TE H2, together with VERBUND, will be leading the development, financing, construction, and operation of the integrated project from production of green electricity to production of green hydrogen. H2 Notos has the potential to become a significant supplier of green hydrogen for Europe while fostering significant jobs creation in Tunisia. We have set ourselves the goal of supplying the European industry with green hydrogen. By combining competitive hydrogen production in Tunisia and pipeline-based transportation, we can ensure a long-term supply at scale to support a sustainable transition of our customers to green hydrogen as well as support a sustainable economic development in Tunisia.
Source:The North Africa Journal
May 28, 2024 15:37 UTC
Odeeo and Evolution Media Group partner to bring in-game audio ads to 2.5bn users in Middle East and North Africa (MENA)
It’s a privilege to work with Evolution to champion the power of in-game audio ” — Odeeo CEO, Amit MonheitTEL AVIV, DUBAI, ISRAEL, UAE, May 28, 2024 /EINPresswire.com/ -- Odeeo, the leading global in-game audio advertising platform, has today announced a game changing partnership with Evolution Media Group, MENA’s most prominent in-game advertising business with a reach of 2.5bn users, that will bring in-game audio ads to the region. The new partnership will help MENA-based brands and publishers make waves with regionally relevant in-game audio ads. In the MENA region, mobile gaming is the primary form of digital entertainment, with over 70% of users favoring smartphones as their primary gaming device. The in-game audio ad format delivers superior performance compared to traditional podcast and streaming audio ads, with Odeeo's ad units integrating into gameplay without disrupting the player experience. Evolution's mobile advertising platforms offer solutions that align and are customised based on a brand's identity, messaging, and target audience.
Source:The North Africa Journal
May 28, 2024 14:14 UTC
Democracy in Africa: digital voting technology and social media can be a force for good – and bad
He recently published a book chapter examining the potential threats and benefits to democracy that digital technologies pose in African countries. Can African countries use digital technology to strengthen democracy? During Zambia’s “bush protests” in 2020 a reported 500,000 people tuned in online to social media platforms to listen to their leaders criticise alleged government corruption. That’s just one example of how digital technology can strengthen democracy by allowing citizens to get involved. Today Kenyans use social media platforms like X, Facebook and Instagram to voice opinions about various issues.
Source:The North Africa Journal
May 28, 2024 14:13 UTC
SA’s Payment24 works with Mastercard to boost EMV adoption in EEMEA’s fleet sector
It helps fleet operators reduce the risk of fraud associated with magnetic strip fleet cards. The expanded collaboration extends the geographical reach of a proven solution and delivers modern fleet and fuel payment solutions to banks and fleet card issuers throughout the region. While drivers benefit from a quick, secure, and seamless way to make payments, fleet operators can now monitor driver spending in real-time, set expense limits, and minimize the need for cash. Customers will be able to take advantage of an end-to-end fleet management solution to help them rapidly deploy and scale their own secure fleet and fuel payment offerings. The expansion of this alliance to EEMEA highlights the urgent need to get ahead of fraud in the fleet and fuel payments industry.
Source:The North Africa Journal
May 28, 2024 14:05 UTC
Copia Kenya parent company enters administration after failing to secure funding
B2C e-commerce company Copia Global, the parent company of Copia Kenya, has entered administration after failing to secure the necessary capital to continue operations. “Copia Global, the parent company of Copia Kenya, was unable to attract capital on terms that were amenable to all existing stakeholders, funders, and investors. Copia Global is now winding down, leaving the Copia Kenya business in a new position to raise capital directly,” Copia said in a statement. Copia and iProcure are the latest African tech ventures to feel the heat in the current global capital shortage. A host of startups have already closed their doors, including Kenyan logistics company Sendy, while pressures remain on many others.
Source:The North Africa Journal
May 28, 2024 14:05 UTC
Africa needs stronger resources governance amid current global critical minerals rush — experts – The North Africa Post
African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according to the 2023 Critical Minerals Market Review by the International Energy Agency (IEA). In a new article in The Conversation, the experts recommend that the African Union should expedite the development of an African critical minerals strategy that will guide member countries in negotiating mining contracts and agreements. They also urge African governments to revise their mining policies and regulations to reflect the opportunities and challenges posed by the increasing global demand for critical minerals. In other words, if the mineral-rich African countries do not want to be simply sucked into the global rush for critical minerals and instead want to benefit from the current boom in demand, they need stronger resources governance — regulations, accountability and transparency.
Source:The North Africa Journal
May 28, 2024 13:58 UTC
Nigeria's Rivers Hoopers clinch historic BAL semi-final; Petro pip Douanes
The evening began with fourth seed Rivers Hoopers facing fifth seed Monastir. We take the best idea to get up the court and execute it," Perry said on Rivers Hoopers' game management. Petro led 13-8 at the end of the first quarter, but Douanes ate into that lead slightly and went into half-time 28-25 behind. Led by Jean-Jacques Boissy and Abdoulaye Harouna, Douanes took control of the game in the third quarter and led 56-42. Rivers Hoopers will face Libya's Al Ahly Benghazi, with both semi-finals scheduled to take place on Wednesday.
Source:The North Africa Journal
May 28, 2024 13:57 UTC