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Source:The North Africa Journal
June 21, 2024 10:29 UTC
Deadly heatwaves scorch cities on four continents
Record temperatures already reached in recent days are suspected to have caused hundreds if not thousands of deaths across Asia and Europe. As many as 52 bodies were brought to hospitals in the past two days, The Times of India reported on Thursday, adding that most of them were poor people who lived and worked in the open. Out of around 150,000 pilgrims, Pakistan has so far recorded 58 deaths, a diplomat briefed on the tally told AFP. Indonesia, which had around 240,000 pilgrims, raised its death toll to 183, according to the religious affairs ministry, compared with 313 deaths recorded last year. Deaths have also been confirmed by Malaysia, India, Jordan, Iran, Senegal, Tunisia, Sudan and Iraq’s autonomous Kurdistan region.
Source:The North Africa Journal
June 21, 2024 08:52 UTC
European VC Firm Announces Huge Africa Fund
Breega, one of the fastest-growing early-stage funds in Europe, announced the launch of its first African fund, “Breega Africa Seed I” which aims to become the leading early-stage investor in African start-ups. Since closing its first fund in 2015, Breega has grown rapidly, amassing $700 million in assets under management within nine years. By adopting a continental approach spanning Europe and Africa, Breega aims to embed itself in local ecosystems through the formation of regional teams. Footprint expansion in AfricaBuilding on its successful European strategy in Paris, London, and Barcelona, Breega has expanded its footprint with new offices in Lagos, Nigeria, and Cape Town, South Africa. These additions support the management of “Breega Africa Seed I,” a $75 million fund designed with a pan-African strategy.
Source:The North Africa Journal
June 21, 2024 07:49 UTC
Putin says Russia may send weapons to North Korea
His comments come after South Korea says it will consider supplying arms to Ukraine after Russia and North Korea signed a mutual defence deal. President Vladimir Putin said that Russia might supply weapons to North Korea in what he suggested would be a mirror response to the Western arming of Ukraine. In his latest comments, he said North Korea could be one such recipient of Russian arms. Taking into account our agreements with [North Korea], I do not exclude this either,” he said. There’s ongoing debate on how strong of a security commitment the deal between Russia and North Korea entails.
Source:The North Africa Journal
June 21, 2024 07:49 UTC
Rethinking financing of the decommissioning of coal plants
New research from the Institute for Energy Economics and Financial Analysis shows that investing in a coal-to-clean transition transaction, rather than punting purely the decommissioning of coal plants, presents a compelling value proposition. The Institute researched coal power plants around the world and found that renewable energy asset profit margins can be more than enough to pay the cost of closing a coal plant while still generating a profit for the power facility’s operator, under specific circumstances. New coal capacity in sub-Saharan Africa is decreasingRecasting decommissioning of coal plants as a financial opportunityAs the Institute research discovered, only 215GW (approximately 10%) of existing coal power capacity is slated for decommissioning by 2030. Few of the initiatives to decommission coal power target dates before 2030. Find out more in: Accelerating the coal to clean transitionOn the other handSeparate Just Energy Transition plan from coal plants – Eskom
Source:The North Africa Journal
June 21, 2024 06:03 UTC
A landslide victory foretold, again
Jonathan Miller, Foreign Affairs Correspondent, Channel 4 News, London, UK"Since the demise of reporting on Africa in Western newspapers, and especially in the UK, in recent years, Africa Confidential has become ever more indispensable to anyone trying to make sense of the continent. Karl Maier, Africa & Middle East Editor, Bloomberg News"We regard Africa Confidential as one of our best and most reliable sources of information and analysis." Intelligence Assessment Service, Privy Council Office, Government of Canada"You are the best reporter on Africa alive. Also well organised and easy to browse through and access to the different articles." Lt. Col. Daniel Martella, Military Planning Service, Department of Peacekeeping Operations, United Nations
Source:The North Africa Journal
June 21, 2024 05:12 UTC
Report warns of relocation of terrorists from Sahel to northern Nigeria – The North Africa Post
Nigeria should brace for tough times ahead in the fight against terrorism as armed groups relocate from northern Benin to its north, a report warned. Armed extremists are increasingly settling in Kainji Lake National Park, one of Nigeria’s largest, where other armed groups have also gained access, the Clingendael Institute think tank said in a report. Violent extremist groups, some of them affiliated to Al Qaeda, are taking advantage of loose Nigerian security in the north western region, the report mentions. As military rulers continue to crackdown on armed banditry and extremist groups in the Sahel, many groups head south to northern Benin or northern Nigeria to engage in banditry as they also find fertile ground for recruitment among the poverty-stricken communities. “A link between Lake Chad and the Sahel is a major opportunity for al-Qaida and the Islamic State to boast about their profiles as leaders of global jihad,” the report said.
Source:The North Africa Journal
June 20, 2024 16:01 UTC
CRISALION Mobility Secures Pre-Sale Agreement with iJet for 10 Integrity eVTOLs
CRISALION Mobility, a Spanish leader in the design and development of advanced electric mobility solutions that are efficient, safe and sustainable, and iJet Aviation, which specialises in integrated aircraft management, signed a cooperation agreement last night to develop the air mobility sector in the province of Malaga. Under the agreement, CRISALION Mobility completed the pre-sale of ten Integrity aircraft to iJet, reflecting a clear commitment to operational innovation and paving the way for more accessible, efficient transport in the region of Andalusia. As part of this partnership, CRISALION Mobility and iJet will designate routes connecting key hotspots in Malaga and its surroundings, offering unprecedented access to some of the region’s most important landmarks. Carlos Poveda, CEO of CRISALION Mobility, said: “This pre-sale of our Integrity aircraft and the designation of key routes in Malaga clearly evidence how Spanish companies are innovating and adapting their outlooks to the advanced air mobility solutions their customers will be demanding within a few years. We are excited to work together to explore new opportunities and offer advanced air transport services to our customers.”
Source:The North Africa Journal
June 20, 2024 11:12 UTC
Africa’s economic growth to outpace global average in 2024 — Afreximbank report – The North Africa Post
The economic growth across Africa is projected to exceed global average this year, according to a new report published by the Afreximbank, despite several downside risks, including increasing levels of sovereign debt, associated sustainability risks, and excessive exposure to adverse terms-of-trade shocks. The report entitled ‘A Resilient Africa: Delivering Growth in a Turbulent World’, the lender says that African economies will grow on average by 3.8% in 2024 slightly outpacing the predicted global growth of 3.2%, whereby the growth is expected to maintain the upward curve reaching 4% in 2025. The report says that, overall, the outlook for the African continent this year remains positive despite the challenging economic environment last year. Despite some potential risks, including escalating geopolitical tensions, volatile domestic political environments, high commodity prices and inflationary pressures, and potential food insecurity, most macroeconomic indicators are expected to improve in 2024 and 2025. “Our analysis in the report also revealed large untapped potential in intra-African trade, especially in machinery, electricity, motor vehicles, and food products.”
Source:The North Africa Journal
June 20, 2024 10:32 UTC
UNHCR commemorates World Refugee Day, spotlights conflicts in Sudan and South Sudan
The URL has been copied to your clipboardThe code has been copied to your clipboard. U.N. High Commissioner for Refugees Filippo Grandi is scheduled to use this year’s World Refugee Day commemorations to spotlight the crises in Sudan and South Sudan, where millions have been displaced by fighting. VOA’s Margaret Besheer has more.
Source:The North Africa Journal
June 20, 2024 10:27 UTC
AfriLabs, Korea-Africa Foundation in strategic partnership to boost African innovation
African hubs network AfriLabs has signed a memorandum of understanding (MOU) with the Korea-Africa Foundation for a strategic partnership aimed at driving innovation and economic growth across the continent. Having recently announced the admission of 16 new hubs, AfriLabs now has a network of 478 hubs across 260 cities in 53 African nations. The Korea-Africa Foundation, meanwhile, aims to serve as a platform for collaboration between the private and public sectors, and to strengthen exchange and cooperation with African countries. The collaboration between the two aims to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. This partnership with the Korea-Africa Foundation unlocks a treasure trove of opportunities for startups, granting them access to a global network, invaluable resources, and unparalleled industry knowledge.
Source:The North Africa Journal
June 20, 2024 09:46 UTC
Season 4 Of The BAL: A Milestone In The Rise Of African Basketball
KIGALI, RWANDA - JUNE 1: Childe Madaleno Fortuna Dundao #5 of Petroleos De Luanda celebrates after ... [+] winning the 2024 Basketball Africa League Championship against the Al Ahly Ly during the 2024 Basketball Africal League Championship on June 1, 2024 at BK Arena in Kigali, Rwanda. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. KIGALI, RWANDA - JUNE 1: Petroleos De Luanda celebrate after winning the 2024 Basketball Africa ... [+] League championship against the Al Ahly Ly during the 2024 Basketball Africal League Championship on June 1, 2024 at BK Arena in Kigali, Rwanda. KIGALI, RWANDA - MAY 24: Basketball Africa League President Amadou Gallo Fall poses for a photograph ... [+] with teams during the 2024 Basketball Africa League Playoffs on May 24, 2024 at BK Arena in Kigali, Rwanda. The BAL has achieved remarkable progress in a short time, setting a strong foundation for the future of basketball in Africa.
Source:The North Africa Journal
June 20, 2024 09:38 UTC
Alternative Energy in North American and EMEA Data Centers
The collaboration aims to demonstrate the technical feasibility and customer benefits of hydrogen-powered fuel cell solutions. Vertiv has integrated Ballard fuel cell power modules with its Vertiv Liebert EXL S1 uninterruptible power system (UPS), successfully showcasing a proof of concept (POC) at Vertiv’s facility in Ohio. Initial validations and tests have demonstrated successful operation of zero GHG emission backup power integrated into an uninterruptible power architecture. Vice president of Vertiv infrastructure solutions, Viktor Petik, says “The unprecedented adoption of artificial intelligence (AI) and high-performance computing (HPC) are driving a need for eco-friendly power solutions for our customers, with a focus on zero-carbon and low-carbon energy alternatives. The successful fuel cell proof-of-concept with Ballard provides a viable option for customers strengthening their data centre sustainability strategy, and those moving to a future-ready Bring Your Own Power (BYOP) model.”Power Module H2
Source:The North Africa Journal
June 20, 2024 09:05 UTC
The Take: Dumped in the middle of nowhere – Black migrants in North Africa
For years, Black migrants have been abandoned in the Sahara. Now, an investigation shows the European Union is involved. A sprawling new investigation documents systemic police abuse against Black people migrating to Europe – all with the backing of a not-so-silent partner, the European Union. Our lead of audience development and engagement is Aya Elmileik and Adam Abou-Gad is our engagement producer. Connect with us:@AJEPodcasts on Twitter, Instagram, Facebook, Threads and YouTube
Source:The North Africa Journal
June 20, 2024 08:15 UTC
North Korea, Russia pledge mutual defense, surprising many observers
North Korea, Russia pledge mutual defense, surprising many observersYour browser doesn’t support HTML5Russian President Vladimir Putin and North Korean leader Kim Jong Un upgraded their countries’ relationship as they met Wednesday in Pyongyang. Both men signed a treaty they say contains a mutual defense clause. The developments are being criticized by the U.S. and its allies, who say the relationship is a threat to global peace. More from VOA’s Bill Gallo in Seoul, South Korea. Contributor: Kim Lewis
Source:The North Africa Journal
June 20, 2024 08:02 UTC