Warner Music Group CEO bets big on MENA, signs up Nora Fatehi
Mumbai, February 28 (IANS) Actress Nora Fatehi, who was recently seen in the Vidyut Jammwal-starrer film ‘Crakk’, has been welcomed by Robert Kyncl, the CEO of the Warner Music Group, after she inked the deal with the global record company. The partnership will promote Nora’s global music career, working with teams in the US and across the world. Robert Kyncl, CEO, Warner Music Group, said: “Nora is an extraordinary talent, electric performer, and cross-cultural superstar whose music reflects the rich diversity of her background. My ambition is to be a global music star and performer, connecting with fans all over the world. I’m excited to work with Warner Music to leverage their experience and expertise to help me fulfil this goal."
Source:The North Africa Journal
February 28, 2024 11:22 UTC
Why travelling to see camelids is a top priority this year
Finding fossils in Texas, USWhen thinking of a camel, many picture one in a desert in Northern Africa, the Middle East or India. Finding the fossilised remains of one at the Waco Mammoth National Monument in Texas is a surprise to most who visit, but camels did in fact originate in North America. At their peak, Western camels were found mainly in the western parts of North America, including parts of Canada, all the way to northern Mexico. Wild and free in the Australian OutbackOf all the strange places to find camels, Central Australia is at the top of the list. A book by Ken Thompson, which examines invasive species, is aptly called Where do Camels Belong?
Source:The North Africa Journal
February 28, 2024 11:03 UTC
Egyptian fintech startup MoneyHash raises $4.5m seed funding
Egypt’s MoneyHash, a leading payment orchestration platform in the Middle East and Africa, has raised a US$4.5 million seed funding round to help it expand. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has developed a proprietary payment orchestration platform and end-to-end payment operating system. In 2023, MoneyHash doubled its network of integrations, achieved triple revenue, and grew its processing volume by 30x. The US$4.5 million seed round of funding was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a group of strategic investors and operators. The funding will enable MoneyHash to further invest in its technology and expand its business growth initiatives across the region.
Source:The North Africa Journal
February 28, 2024 10:10 UTC
The Canada-Africa Chamber of Business delighted to announce Elephant Trade-Services as headline sponsor during its 30-Year Anniversary
Ahead of PDAC in Toronto, the Canada-Africa Chamber of Business (www.CanadaAfrica.ca) underscored its appreciation of Elephant Trade-Services (https://ElephantTrade.net/), announced as headline sponsor during the 30th Year Anniversary of the Toronto-headquartered organization. Garreth Bloor, President of the Canada-Africa Chamber of Business said: ‘’Elephant Trade-Services is a proudly DRC based company, which has supported the work of the Chamber, enabling us to undertake extensive programming welcoming leaders at the highest levels in Canadian and African markets, including our two recent programs in the DRC and Kenya’’. Just last week, the Canada-Africa Chamber of Business was pleased to have concluded the second Canada Africa Business Conference (https://apo-opa.co/3Uk4DYH), hosted on the invitation of H.E. President William Ruto, President of the Republic of Kenya, and headline sponsored by Elephant Trade-Services. Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.
Source:The North Africa Journal
February 28, 2024 10:09 UTC
Lumax Energy: Solar mounting expertise in SA renewables sector
Frans-Willem Vermaak, Director of Lumax Energy, talks about the company’s expertise and contribution to the growth and sustainability of the renewable energy sector in South Africa. Lumax Energy’s journey started in 2015 in South Africa, looking at solar solutions and they quickly realised that mounting structures for the local market was very much in demand. Vermaak talks about localisation and optimisation for efficiency. Find out more about Lumax Energy.
Source:The North Africa Journal
February 28, 2024 07:43 UTC
Unlocking Africa’s AI potential for growth and development
These AI-driven solutions hold the key to unlocking unprecedented growth and sustainable development. As the African AI market experiences a CAGR of 17.68% from 2024 to 2030, the continent has a unique opportunity to leverage this technology for sustainable development. Figure 1 – AI Market Size, Africa, 2020 – 2030* Image Source: Frost & Sullivan. Africa’s AI market could grow exponentiallyIn healthcare, AI can help improve disease detection and prevention, while in agriculture, it can optimise crop yields and combat challenges like locust infestations. In conclusion, Africa’s AI market is set to grow exponentially, presenting many opportunities for sustainable development and growth.
Source:The North Africa Journal
February 28, 2024 07:03 UTC
Signs of improvement from gender perspective in midst of African tech’s funding decline
The number of funded ventures, and the total funding raised, declined for the first time since 2016, though not as dramatically as many had feared. But the gender diversity figures were better than usual. Looking at total funding – in 2023 US$399,694,000 in funding went to startups with at least one female co-founder, a share of 16.7 per cent. Compared once again with Disrupt Africa’s historic data, we once again see an increase in gender diversity. So at least there has been some good news from a generally depressing 2023 from a funding standpoint – an increase in gender diversity.
Source:The North Africa Journal
February 28, 2024 06:29 UTC
EDF Renewables North America Inks Deal with Southern California Public Power Authority for Solar and Storage Energy Initiative
EDF Renewables North America has inked a 20-year Power Purchase Agreement (PPA) with the Southern California Public Power Authority (SCPPA) for a segment of the Bonanza Solar and Storage initiative. This agreement captures the commitment to provide a steady supply of carbon-free electricity from the project’s 125 MWac solar photovoltaic (PV) setup and 65 MW 4-hour Battery Energy Storage System (BESS) to SCPPA’s members, including Pasadena Water & Power and Azusa Light & Water. Situated in Clark County, Nevada, the Bonanza Solar and Storage project will boast a combined capacity of 300 MWac solar PV and 195 MW 4-hour BESS. Situated in the arid expanse of the southern Nevada desert on federal land, the Project anticipates generating around 500 employment opportunities at the height of construction. Acknowledging the significance of preserving wildlife, habitats, and environmental assets, the Bonanza Solar and Storage project is engaged in close cooperation with federal and state agencies to mitigate its impacts on the ecosystem.
Source:The North Africa Journal
February 28, 2024 05:48 UTC
Durban to host COSAFA Beach Soccer Championship in March
Following the recent conclusion of the FIFA Beach Soccer World Cup in the United Arab Emirates (UAE) where Africa was represented by reigning champions Senegal and runners up Egypt, the COSAFA Beach Soccer Championship is set to make a return this year. The COSAFA Beach Soccer Championship will be hosted in Durban, South Africa between 17 – 23 March where eight nations will compete for the regional title. Senegal, who dethroned Mozambique as CAF Beach Soccer AFCON champions in 2022 were present in the last COSAFA Beach Soccer Championship as an invitational side along with Egypt. For the 2024 edition, three invitational sides will make an appearance this year with North African nation, Morocco as well as 2021 CAF Beach Soccer AFCON silver-medalists Tanzania set to make their way to South Africa. The other five nations that will make up the eight (8) participants are hosts South Africa, Mozambique, Angola, Malawi (debutants), as well as FIFA Beach Soccer World Cup 2025 hosts, Seychelles who are preparing to host Africa’s first-ever FIFA Beach Soccer World Cup™.
Source:The North Africa Journal
February 27, 2024 18:06 UTC
Broker tips: Hikma Pharmaceuticals, Unilever, Rentokil Initial, Flutter Entertainment
Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960.0p to 2,000.0p on Tuesday, citing more stability in its generics unit. "We adjusted our estimates to reflect slightly better generics earnings and our price target moves up to £20. Morgan Stanley downgraded Unilever on Tuesday to 'underweight' from 'equalweight' and cut its price target on the stock to 3,775.0p from 4,100.0p. RBC Capital Markets has reiterated an 'outperform' rating and 575p target price for Rentokil Initial ahead of the pest control group's full-year results next week. Barclays upgraded Flutter Entertainment on Tuesday to 'overweight' from 'equalweight' and lifted its price target to 200.0p from 153.0p, citing multi-year earnings growth.
Source:The North Africa Journal
February 27, 2024 17:44 UTC
Morocco, Romania sign military & technical cooperation agreement – The North Africa Post
Morocco and Romania have signed a military and technical cooperation agreement that covers training and exercises, the defense industry, technical support and the exchange of expertise. The agreement was initialed this Tuesday in Rabat by Minister Delegate in charge of the National Defense Administration Abdeltif Loudyi and Romania’s Minister of National Defense, Angel Tîlvăr, who is on a working visit to Morocco at the head of a large delegation. The agreement also covers military health, cybersecurity, and the establishment of a joint military commission to define areas of cooperation. The joint commission will convene alternately in Rabat and Bucharest. The two sides also expressed their shared ambition to consolidate these relations in the future, through the implementation of the provisions of the just signed military and technical cooperation agreement, as well as through regular exchanges of visits by officials from both countries.
Source:The North Africa Journal
February 27, 2024 17:30 UTC
Persistent drought harms North African crops: MARS
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Source:The North Africa Journal
February 27, 2024 17:22 UTC
S.Africa sees sharp rise in rhino poaching with nearly 500 killed last year
Conservationists raised the alarm on Tuesday as South Africa reported a sharp increase in rhino poaching, with almost 500 animals killed last year. A wild white rhino is seen at an undisclosed location in the North-West Province of South Africa, on April 2, 2023. The figures paint "a worrying picture", conservation group Save the Rhino International said, calling for more resources to be urgently deployed against poaching rings. The lion's share were poached in eastern KwaZulu-Natal province, with the Hluhluwe–Imfolozi park – Africa's oldest reserve – alone losing 307 animals, according to the government. About 15,000 live in South Africa, according to a separate estimate by the International Rhino Foundation.
Source:The North Africa Journal
February 27, 2024 16:46 UTC
Dell Empowers Modern Workplaces with AI Innovations
Dell Technologies is poised to unveil the most expansive range of commercial AI laptops and mobile workstations, aimed at ushering organizations and employee productivity into the AI era. The NPU introduces an AI acceleration engine capable of handling more dedicated AI tasks, thereby freeing up the CPU and GPU for other functions. Dell boasts of offering the world’s most intelligent, manageable, and secure commercial PCs. Key initiatives include:– The new Latitude devices become the world’s first commercial PCs to utilize recycled cobalt in their batteries. Dell’s advantage starts with offering more AI PCs across the commercial portfolio from day one, giving customers the ability to start futureproofing for AI today.”
Source:The North Africa Journal
February 27, 2024 15:41 UTC