ECOWAS’ Setbacks Reflect Nigeria’s Waning Regional Influence
Buhari’s administration had closed borders, delayed ratifying the African Continental Free Trade Agreement and largely turned inward, especially during his second term. In particular, Tinubu underscored his commitment to defending democracy across the region, which had already seen a string of military coups in Mali, Guinea and Burkina Faso. “We need it, to be an example to the rest of Africa and the world,” he said, speaking of democracy. “We will not allow coup after coup in West Africa.”That statement could come back to haunt him, given recent developments in the region and ECOWAS’ performance under Tinubu’s leadership. ECOWAS was ultimately forced to acknowledge the unconstitutional transfer of power and suspend Niger’s membership during a recent summit.
Source:The North Africa Journal
February 01, 2024 13:17 UTC
Al Tamimi hires new Egypt corporate head
Al Tamimi hires new Egypt corporate headPublished by: Robert Li at 01/02/2024A transactional practitioner with more than two decades’ in-house and private practice experience w...A transactional practitioner with more than two decades’ in-house and private practice experience will lead the Middle Eastern firm’s Egyptian corporate practice. Middle East and North Africa (MENA)-focused law firm Al Tamimi & Co has hired Amr Namek as a partner and head of its Egypt corporate and commercial practice, it announced last Tuesday (23 January). He concluded nearly six years at Egyptian private equity investor Citadel Capital (now Qalaa Holdings) before returning to private practice at ALC. Namek’s arrival will strengthen the firm and see him following in the footsteps of Ehab Taha, who had served as Al Tamimi’s Egypt corporate and commercial head until his untimely death in April last year. Other African lawyer moves this month include that of a former Baker McKenzie dispute resolution practice head to White & Case in Johannesburg, while Nigerian player Jackson, Etti & Edu’s corporate head was promoted to co-managing partner of the firm.
Source:The North Africa Journal
February 01, 2024 12:42 UTC
Morocco assumes presidency of AU Peace and Security Council, comes at forefront of AU’s critical decision-making body – The North Africa Post
Morocco has officially taken over the presidency of the African Union’s (AU) Peace and Security Council (PSC) for a three-year term from 2022 to 2025. This transition, effective as of February 1, 2024, positions Morocco at the forefront of the AU’s critical decision-making body responsible for advancing peace, security, and stability across the continent. The Kingdom’s renewed leadership underscores the nation’s steadfast commitment to fostering peace, security, and development in Africa. Morocco’s ascension to the presidency of the Peace and Security Council is an extension of its proactive engagement in addressing diverse security challenges facing the continent. Additionally, discussions will encompass the follow-up to the Tangier Conference on the Peace, Security, and Development Nexus.
Source:The North Africa Journal
February 01, 2024 12:41 UTC
A dive into Tunisia's contemporary art scene with the "Et si Carthage ?" exhibition
She has pursued a mission to establish the north African country among major actors of contemporary art on the global scene. The work of Nidhal Chamekh is on display at the "Et Si Carthage ?" exhibition which translates as "And what if Carthage…’The title is inspired by a verse by French philosopher Édouard Glissant. Artist Nidhal Chamekh explores history following the destruction by the Romans of the antique city of Carthage in the 2nd century BC. The "Et si Carthage exhibition" will show until March 24th in Tunis.
Source:The North Africa Journal
February 01, 2024 12:07 UTC
Africa’s ed-tech sector has unlimited potential, but lack of funding holds it back
Africa’s ed-tech sector has unlimited potential, with a great number of startups innovating in different areas, yet ultimately a lack of funding in a sector that still has a reputation for “impact” over “profit” may hold it back. And as elsewhere, and as in other tech-based industries, the ed-tech space received a real boost from the enforced digitisation that resulted from the COVID-19 pandemic. The total amount of funding does notoriously fluctuate each year, yet clearly African ed-tech startups are not getting enough. In episode three, we’re digging into the funding and support ecosystem that is helping ed-tech startups scale, and whether more needs to be done to help the space fulfil its potential. In episode one, we’re digging into the scope of Africa’s educational challenges, and how ed-tech startups are working to address them.
Source:The North Africa Journal
February 01, 2024 12:05 UTC
Eni complete acquisition of Neptune
Eni has announced the closing of the acquisition of Neptune Energy Group. Through this transaction, Eni integrates a high-quality and low carbon-intensity portfolio with geographic and operational complementarity to its own. Eni regards CCS as a key lever in its decarbonisation strategy and there are further possible synergies with the projects Neptune is pursuing in Norway and the Netherlands. Vår Energi acquired the business in Norway directly from Neptune the completion of the Eni transaction. The carve-out of Neptune’s activities in Germany was also completed prior to the closing of the Neptune Energy Group Limited sale.
Source:The North Africa Journal
February 01, 2024 11:59 UTC
Six UPG Sustainability Leaders from Middle East and North Africa compete for votes to reach Hurricane Island, USA
#UPGSustainability Leaders #UPGSustainability Leaders Vote Now and Choose Your Champion! Six UPG Sustainability Leaders from across Middle East and North Africa compete for votes to win a place on the Journey To Hurricane Island. MENA has exciting UPG Sustainability Leaders and each of them deserves to win. To attend, participants may RSVP here: https://upglive.org/upgsl-events-RSVP “MENA has exciting UPG Sustainability Leaders and each of them deserves to win. From the Class of 2023, 562 UPG Sustainability Leaders from across 100+ countries were trained and certified as part of UPG Sustainability Leadership.
Source:The North Africa Journal
February 01, 2024 11:25 UTC
Algeria feels impact of its Morocco ports boycott – The North Africa Post
Algeria’s boycott of all Moroccan ports has backfired as the country backpedals by excluding fresh produce and meat from the decision. Last month, Algeria asked its banks to stop financing any import operation of goods transiting through Moroccan ports. Tanger Med has become a key hub for the shipping industry requiring deep water ports. The decision is part of desperate economic warfare tactics staged by Algeria since the duo Chengriiha-Tebboune took power in Algiers. Trade between Morocco and Algeria is already at a very derisory level and the Algerian decision will only have a very minimal impact on Tanger Med port, which prepares for yet another expansion taking advantage of its strategic location.
Source:The North Africa Journal
February 01, 2024 11:03 UTC
ICC agrees exclusive partnership with Evision to show ICC Cricket across Mena Region
ICC cricket will be available on evision proprietary channel CricLife MAX which is available on STARZPLAY, an evision group company and one of the top streaming services in the Middle East and North African Region. ICC Chief Executive, Geoff Allardice said: “We are delighted to be partnering with evision which is an exciting addition to our suite of broadcast partners. The broadcast of all ICC cricket events for the next four years is a promise to bring the exhilarating spirit of cricket directly to the hearts of our fans in MENA region. It is an opportunity to experience immersive cricket like never before, as we elevate the game and unite enthusiasts through every boundary and wicket. Together, we're embarking on a thrilling journey of sporting passion and unparalleled excitement.”This follows the completion of broadcast agreements in India, the United Kingdom and Ireland, the USA and Canada, Sub-Saharan Africa region and Australia.
Source:The North Africa Journal
February 01, 2024 10:11 UTC
Transmission line, sub-station to power Kenya's silicon valley
Construction of a transmission line with a transformer substation set to power Kenya’s own silicon valley is moving apace. “The construction of the 37.5km 400kV Isinya-Konza Transmission Line project is ongoing. The project involves the construction of a 400kV double circuit Transmission Line with a 400/220kV-2×350 MVA Transformer Substation at Konza Technopolis,” KETRACO said on X. The Konza substation, located about 70km south of the Kenyan capital Nairobi, is part of the Kenya Power Transmission Expansion Project (KPTEP). Work is ongoing on the 400kV Isinya-Konza Transmission Line project.
Source:The North Africa Journal
February 01, 2024 10:01 UTC
Egyptian logistics startup Roboost raises $3m for regional expansion
Egyptian delivery management startup Roboost has closed a US$3 million investment round to fuel its next phase of regional expansion. Founded in 2020 by Mohamed Gessraha, Hassan Gessraha, and Mohamed Ali Sadek, Roboost is an AI-powered delivery management SaaS solution that fully automates every stage of the last-mile delivery cycle without human intervention. It is now set for further regional expansion after securing US$3 million in a funding round led by Silicon Badia, with participation from RZM Investment, Flat6Labs, and Saudi Angel Investors. “This SaaS solution stands out in a sector ripe for disruption, by automating the full spectrum of the delivery process. It provides a unique value proposition to all stakeholders alike, including brand/store managers, delivery agents, and end-customers,” he said.
Source:The North Africa Journal
February 01, 2024 09:13 UTC
Volkswagen working on entry-level EV for India, says company official
The Volkswagen Group is looking to introduce an entry-level electric vehicle (EV) in India by the second-half of this decade, the chief executive of its local unit said at an event on Thursday. To justify a three-figure million dollar investment for the new product we need the volumes," Piyush Arora, CEO of Skoda Auto Volkswagen India, said. "Penetration of EVs in India will not be as fast, so we are looking at the possibility of exporting that product." The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa, he said. The firm is extensively testing the Skoda Enyaq electric SUV for a possible launch in India, Arora said, but did not disclose a timeline.
Source:The North Africa Journal
February 01, 2024 09:10 UTC
DRC : Loncor Gold falls foul of North Kivu mining authority
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
February 01, 2024 08:43 UTC