Northern Idaho leads state in water-right permit applications
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Source:The North Africa Journal
June 04, 2024 05:39 UTC
Preview: Sri Lanka vs South Africa – ICC T20 World Cup 2024 Group D match
The tournament’s ‘group of death’ opens with a massive clash between former champions Sri Lanka and underachievers South Africa in New York. Who: Sri Lanka vs South AfricaWhat: ICC Men’s T20 World Cup Group D matchWhen: Monday, June 3, 10:30am local time (14:30 GMT)Where: Nassau County International Cricket Stadium, Long Island, New YorkFollow Al Jazeera’s live coverage of the game here. Meanwhile, Sri Lanka have won all of their last three T20 series – albeit they lost three out of eight matches – against Bangladesh, Afghanistan and Zimbabwe. South Africa: L L L L WSri Lanka: W L W L WHead-to-headSouth Africa hold the upper hand in their head-to-head record, having won 12 of their 17 fixtures. Sri Lanka have won five.
Source:The North Africa Journal
June 04, 2024 05:01 UTC
NEWS: IPOs, M&A deals in MENA set to rebound on anticipated interest rate cuts
First published: 04-Jun-2024 08:04:58Staff WriterVenture capital (VC) investments in the Middle East and North Africa (MENA) region could rebound this year after a slowdown, thanks to a low interest rate environment, according to a new report. The consultancy firm noted that, as interest rates are expected to fall, initial public offerings (IPOs) and deal-making are poised for a turnaround. “This impending shift has the potential to breathe new life into initial public offerings (IPOs) and M&A deals, reigniting investor confidence and deal-making momentum,” the firm said. If interest rates drop, borrowing costs could be cheaper and this will incentivise businesses to “pursue expansionary strategies such as mergers and acquisitions,” according to Alexey Bogdanov, Partner at Tenet Consulting. Lower interest rates generally translate to cheaper borrowing costs,” he said.
Source:The North Africa Journal
June 04, 2024 04:52 UTC
South Korean president vows to expand mineral ties with Africa and send more development aid
South Korean President Yoon Suk Yeol, right, shakes hands with Mauritania President Mohamed Ould Ghazouani after the joint press conference for the 2024 Korea-Africa Summit in Goyang, South Korea, Tuesday, June 4, 2024. Following Tuesday’s meeting, South Korea and the African nations announced that they will start high-level talks aimed at improving cooperation over minerals. South Korean officials say expanding ties in minerals and other natural resources would help improve the country’s supply chain resilience in key technology industries. Yoon said South Korea also plans to expand its cumulative development aid contributions to Africa to around $10 billion by 2030 and separately provide $14 billion in export financing to encourage South Korean investment in the region. He expressed hopes for coordinating with African nations to build pressure on North Korea.
Source:The North Africa Journal
June 04, 2024 04:36 UTC
America’s Ocean Power Technologies expands to Africa
from AHMED MOOLA in Cairo, EgyptEgypt BureauCAIRO, (CAJ News) – OCEAN Power Technologies (OPT) has announced its expansion to the African continent. The American-headquartered firm is a leader in innovative and cost-effective low-carbon marine power, data and service solutions. Its expansion to the continent, according to officials, was buoyed by increased interest in Artificial Intelligence-capable Maritime Domain Awareness Solution, to be deployed in hot climates in Sub-Saharan Africa and North Africa. “In addition to our recent expansion into Latin America, we are excited to start offering services in Sub-Saharan and North Africa, and the Middle East,” he said. Its PowerBuoy platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications.
Source:The North Africa Journal
June 04, 2024 02:42 UTC
Water cuts trigger unrest in Western Algeria – The North Africa Post
The city of Tiaret in western Algeria has been rocked by violent clashes as citizens take to the streets torching tires and protesting water cuts. Videos shared on social media showed Tiaret citizens blocking roads and denouncing 20 days of water outage, after a dam that supplies the city went empty. Algeria’s media, mostly mouthpieces of the military regime, turned a blind eye to the incidents and the water crisis that also engulfed large western cities such as Oran. In the second largest city, water rationing is now the norm with total cuts that last for days. Instead of acting on the water problems, the Algerian regime indulges in exaggeration and fake news.
Source:The North Africa Journal
June 03, 2024 19:58 UTC
South Korea seeks foothold in Africa – The North Africa Post
South Korea is hosting 48 African nations at a summit in Seoul to discuss cooperation on key minerals and other development projects in the growing African market, where great powers vie to strengthen their influence. Africa is a “crucial partner” for South Korea to further its industrial advances and “cooperation with Africa is not a choice but a necessity”, President Yoon Suk Yeol’s deputy national security adviser Kim Tae-hyo was reported by Reuters as saying. Africa’s lithium and cobalt are key to the growing automotive industry in South Korea as it transitions to electric vehicles. South Korea is also seeking more trade with Africa and its growing market of 1.4 billion people. China has rolled out investments and resource-backed loans across Africa, conditioned on the import of critical minerals in countries such as the Democratic Republic of Congo (DRC).
Source:The North Africa Journal
June 03, 2024 19:14 UTC
Russia's foreign minister again visits Africa, this time in Guinea, as some ties cool with the West
Russian Foreign Minister Sergey Lavrov has arrived in Guinea on his latest visit to West AfricaRussia's foreign minister again visits Africa, this time in Guinea, as some ties cool with the WestCONAKRY, Guinea -- Russian Foreign Minister Sergey Lavrov arrived Monday in Guinea on his latest visit to West Africa, where coups and growing discontent with traditional allies like France and the United States have contributed to some countries' shift toward Moscow. Lavrov met with Guinea's foreign minister Morissanda Kouyaté, according to Russia's foreign ministry. They have severed or scaled back long-standing military ties with Western powers in favor of security support from Russia. Lavrov visited Mali early last year and pledged military support. In West Africa, the military junta governing Burkina Faso ousted French forces last year and turned to Russia for security support.
Source:The North Africa Journal
June 03, 2024 18:26 UTC
World Bicycle Day: Two-wheelers crucial to daily life in Africa
In 2018, the UN declared 3 June World Bicycle Day. “World Bicycle Day draws attention to the benefits of using the bicycle – a simple, affordable, clean and environmentally fit sustainable means of transportation,” said the UN. Image Source: Africa Archives/XOn a bicycle across AfricaFor Karim Kaboré of Côte d’Ivoire, every day has been a bicycling-focused day since April 2022. Bicycle growth in AfricaAccording to statista.com, the bicycles market in Africa is projected to generate a revenue of $0.48 billion in 2024. “This signifies the increasing demand and market expansion for bicycles market in Africa,” said statista.com.
Source:The North Africa Journal
June 03, 2024 18:24 UTC
ServiceNow Inaugurates Regional Headquarters in Riyadh, Strengthening Commitment to Saudi Arabia
ServiceNow, an American digital workflow company, inaugurated on Monday its regional headquarters in Riyadh, said the Ministry of Communications and Information Technology (MCIT) in a statement. The newly established headquarters will oversee the company's operations in the Kingdom, serving the Middle East and North Africa (MENA) region. Deputy Minister for Technology at MCIT Mohammed Al Robayan said that the opening of ServiceNow's regional headquarters is a significant step towards achieving the Kingdom's goals of becoming a leading regional center for advanced technologies. ServiceNow is expanding its presence in Saudi Arabia to meet customer and partner demand across the Kingdom. Mashat emphasized that the new office underscores ServiceNow's dedication to the regional ecosystem and its role in facilitating the transformation of the Saudi economy through technology innovation and Al-powered ServiceNow platform.
Source:The North Africa Journal
June 03, 2024 18:16 UTC
Algeria seeks to lure tourists to neglected cultural, scenic glories
Algeria wants to lure more visitors to the cultural and scenic treasures of Africa's largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighboring Morocco and Tunisia. But while tourist-friendly Morocco welcomed 14.5 million visitors in 2023, bigger, richer Algeria hosted just 3.3 million foreign tourists, according the tourism ministry. Saliha Nacerbay, General Director of the National Tourism Office, outlined plans to attract 12 million tourists by 2030 - an ambitious fourfold increase. Tourism and travel provided 543,500 jobs in Algeria in 2021, according to the Statista website. In contrast, tourism professionals in Morocco estimate the sector provides 700,000 direct jobs in the kingdom, and many more jobs indirectly.
Source:The North Africa Journal
June 03, 2024 17:48 UTC
South Korea to freeze key military deal with Pyongyang amid balloon spat
Seoul will set aside agreement after North Korea sent multiple balloons filled with rubbish across border. South Korea is set to suspend a 2018 military agreement with its northern neighbour after a North Korean campaign that saw balloons carrying trash sent over the border. The National Security Council of South Korea said on Monday that it would present a plan to fully suspend the deal for approval to the cabinet at a meeting on Tuesday. The key military agreement was partially frozen last year. However, Pyongyang said on Sunday that it would stop sending the balloons as they had already proved their effectiveness against South Korean “propaganda”.
Source:The North Africa Journal
June 03, 2024 17:32 UTC
Morocco’s southward investment push a win for Africa
“For many international investors, especially those from Europe, the Kingdom’s geographic location and level of development make it a gateway to the African continent. “Moroccan companies have realised that their future lies more in the south than in the north. ‘Sharing our know-how’In Casablanca, Morocco’s largest city and its main business hub, furniture retailer KITEA is one of the Moroccan companies betting on Africa. It aims to expand to four other African countries by 2025, including Senegal and Côte d’Ivoire. According to the World Bank, Moroccan exports to sub-Saharan Africa accounted for only 6% of the Kingdom’s total exports in 2021.
Source:The North Africa Journal
June 03, 2024 17:14 UTC
UW opens new Middle East resource center
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Source:The North Africa Journal
June 03, 2024 16:13 UTC
Justice microgrid powers free legal support in rural Uganda
Two non-profit organisations have collaborated to create a solar-electric microgrid for a free legal aid centre in Bala, Uganda. Solar Electric Light Fund (SELF) worked with BarefootLaw on the free legal aid centre known as the LawBox. The collaboration led to a “Justice Microgrid” designed to power crucial municipal and legal resources in the community. Solar power brings improved water access to villages in BeninBala, is municipality in Kole, in the Northern Region of Uganda. Inside the battery room where all the technologies feeding the Justice Microgrid connect.
Source:The North Africa Journal
June 03, 2024 16:05 UTC