US Polyethylene Exports Surge in Europe and North Africa Amid Disruptions
US Polyethylene Exports Surge in Europe and North Africa Amid DisruptionsIn the span of four months since the initiation of the conflict between Israel and Palestine in the Red Sea and Suez Canal region, a discernible shift has occurred in the supply dynamics of polyethylene (PE). The upheaval caused by the conflict in the Red Sea has disrupted polyethylene shipments from the Middle East. Sources in the industry point out that prices in the United States are particularly competitive within the region, especially for linear grades of low-density polyethylene and injection molded high-density polyethylene (HDPE). Furthermore, Egypt received HDPE cargoes from the United States in December, marking the first occurrence since April. Notably, there was an increase in supplies of both high-density polyethylene (HDPE) and low-density polyethylene (LDPE) from Russian producers.
Source:The North Africa Journal
February 27, 2024 10:49 UTC
EUROPEAN NETWORKS LEADING RACE TO NET ZERO WITH NORTH AMERICA, MENA & LATAM ACCELERATING, NEW GSMA CLIMATE REPORT REVEALS
The GSMA's 2024 Mobile Net Zero report spotlights regional leaders in cutting carbon emissions since 2019, led by a 50% reduction in Europe. The industry's carbon reductions were largely driven by strong progress on energy efficiency and use of renewable energy. Accelerating progress to net zeroMoving the entire industry to net zero emissions by 2050 will require strong and concerted action from the industry, backed by supportive policies and investment from governments. For operators and suppliers, the biggest opportunities are in energy efficiency, renewable energy and improving the circularity of supply chains and materials in the ecosystem. We see what is possible where there is a focus on energy efficiency and access to renewables.
Source:The North Africa Journal
February 27, 2024 10:13 UTC
Perseus Mining Teams Up with Ajlan for North African Mining Investments
Mining(Ecofin Agency) - Canadian gold miner Perseus Mining, having produced over 500,000 ounces in 2023 from its three operating mines in West Africa, is actively pursuing portfolio expansion. The company made a takeover bid for the owner of a gold project in Tanzania. Canadian gold miner Perseus Mining announced a cooperation agreement with Saudi Arabia's Ajlan & Bros Mining & Metals Company (ABM) on February 21, targeting joint investments in North Africa and Saudi Arabia. Based in Australia, Perseus currently operates three gold mines in West Africa: Sissingué and Yaouré in Côte d'Ivoire and Edikan in Ghana. It also holds a 70% stake in Sudan's Meyas Sand gold project and is pursuing a takeover of the Nyanzaga gold project in Tanzania through OreCorp acquisition.
Source:The North Africa Journal
February 27, 2024 10:03 UTC
How to trade the Fibonacci indicator in 2024 for TVC:SA40 by Timonrosso
This sequence also applies to trading and investing charts and is called the Fibonacci Retracement indicator. The Fibonacci Retracement indicator is used to help identify possible support and resistance levels for any market. Let’s look at an example with the South African JSE ALSI 40. Once you draw the Swing High and Swing Low on the JSE ALSI 40, the Fibonacci lines will be plotted on the chart. That’s a good introduction and a different way for you to trade and use the Fibonacci Retracement tool with your trading in 2024.
Source:The North Africa Journal
February 27, 2024 09:51 UTC
The rail projects that will revolutionize transport in Africa
With huge natural resources, Infrastructure remains a missing link for Africa development. Trans-Kalahari Rail and Port projectThe proposed Trans-Kalahari Rail and Port project would provide a new rail line from the coal basins in Botswana to a new coal terminal at the Walvis Bay port in Namibia thereby enabling the export of currently untapped coal reserves in Botswana. The proposed rail connection would be in excess of 1,500km and the total cost for the project was estimated at $10 billion for the rail and port infrastructure. Upon completion experts believe the project will revolutionize transport in Africa in a great way. The project intervention also interlinks three other SADC transport corridors namely, Nacala, Beira and Mtwara in Malawi, Mozambique and Tanzania.
Source:The North Africa Journal
February 27, 2024 09:26 UTC
Meet the New Guard of African Photographers Shaping Luxury
As part of the fashion world’s gradual evolution toward diversity, a new crop of African fashion photographers have been partnering with local and global brands to bring a fresh perspective to the world of luxury. In the process, they are redefining notions of African fashion, broadening connections with the diaspora, and helping brands better navigate the line between inspiration and appropriation. From the New Black Vanguard at the Saatchi Gallery in 2022 to the Contemporary African Photography exhibition currently showcasing at London’s Tate, demand is growing for African fine art photography. This is driven, in part, by the global proliferation of Africa’s creative industries, particularly with music genres such as Afrobeats and Amapiano making international headlines. Africa’s cultural and creative scene is a strategic driver of economic growth, according to a 2023 UNESCO report.
Source:The North Africa Journal
February 27, 2024 08:13 UTC
The Shoulders of Giants
A new exhibit at the Iziko South African National Gallery in Cape Town is a retrospective focusing on the life and works of the beloved Esther Mahlangu. Spanning decades of work, the exhibit showcases her diverse, bold and often large-scale works, which fused aspects of her Ndebele culture with the contemporary. The exhibition charts Mahlangu’s contribution to contemporary art with more than 100 artworks loaned from international collections, alongside a selection of historic photographs and a short film. The diverse collection will offer a comprehensive yet intimate insight into her vast career. DESIGN INDABA
Source:The North Africa Journal
February 27, 2024 08:13 UTC
Goldman Sachs, Mubadala to invest $1 billion in Asia Pacific private credit market
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Source:The North Africa Journal
February 27, 2024 01:33 UTC
IRENA report says North Africa’s renewable potential and strategic location reinforce its role in energy transition
North Africa — Algeria, Egypt, Libya, Morocco, Tunisia, and Sudan – faces significant challenges due to climate change, which increasingly disrupts the region’s economies that rely on agriculture, fishery and tourism. Fortunately, the region is endowed with immense renewables potential, especially solar and wind power, making it a prime candidate for a renewables-based energy transition. These characteristics, combined with its vast renewables potential, could enable North Africa to lead at the forefront of the global energy transition. North Africa is also well-positioned to be a major producer and exporter of green hydrogen. Contrary to the global trend in the period of 2013-2020 which shows private sector financing as the primary source of funding for renewables development, North Africa sees public finance play a far more important role.
Source:The North Africa Journal
February 26, 2024 23:23 UTC
Qatar state giant poised to offer multiple contracts for up to $18 billion gas field expansion (+)
Qatar state giant poised to offer multiple contracts for up to $18 billion gas field expansionThe Gulf nation has revealed plans to further increase the nation’s LNG production capacity by at least 16 million tpa
Source:The North Africa Journal
February 26, 2024 22:43 UTC
Daily Review: Is ECOWAS’ Sanctions Relief Too Little, Too Late?
(France24)Our TakeThe ECOWAS sanctions were initially intended to incentivize the military governments that took power in Mali, Guinea and Niger to transition back to electoral democracy. As a result, sanctions relief may be too little, too late to keep the three Sahelian states, which have already announced the formation of their own alliance, from following through on their intention to begin the yearlong withdrawal process from ECOWAS. The entire series of events from when the recent spate of coups began in Mali in 2020 to now has underscored how much ECOWAS’ regional influence has faded. In all likelihood, ECOWAS’ lifting of sanctions will not change the bloc’s course or reverse trends in Mali, Burkina Faso, Niger or Guinea. It will, however, at least be a relief for those states’ populations, which have suffered the most from the sanctions’ hard-hitting economic effects.
Source:The North Africa Journal
February 26, 2024 19:37 UTC
Morocco can rely on France in Sahara- French FM says – The North Africa Post
Sejourne announced that France will open two schools in Dakhla and Laayoune in addition to an itinerant cultural centre in the Sahara territory. He also lauded Morocco’s social and development achievements in the Sahara, highlighting particularly the efforts made in terms of training, renewable energies, and the blue economy. “France will support development of the region by supporting Morocco’s efforts there,” he said. Séjourné’s visit to Morocco is his first to Africa and to the Maghreb, sending a strong signal that French diplomacy is willing to open a new chapter in its longstanding ties with Morocco. Speaking on the same occasion, Moroccan foreign minister underscored the time-honored relations between the two states based on mutual respect and partnership.
Source:The North Africa Journal
February 26, 2024 17:49 UTC
Nigeria: Ogun State to launch motorcycle battery swapping stations
Ogun State has conducted test drives in Abeokuta, specifically on rough terrain, to ensure the suitability and adaptability of electric bikes. To facilitate the implementation of this project, the State has identified 13 battery swapping stations for pilot areas. “Our goal is to deploy 250 battery swapping stations across the state within a six-month timeframe. These swapping stations will enable convenient battery exchanges for electric bikes, ensuring uninterrupted mobility for riders,” said Prince Dr Dapo Abiodun, Governor of Ogun State. By switching to electric bikes, Ogun State said it anticipates a 30% to 40% reduction in operational expenses compared to traditional ICE bikes.
Source:The North Africa Journal
February 26, 2024 17:36 UTC
