Egypt: LNG, hydrogen a priority as renewable energy target revised
Egypt has downscaled its renewable energy target for 2040 – from 58% to 40%, underscoring that natural gas will remain a key part of the country’s energy mix for years. Green hydrogen: Egypt secures grant to develop major projectFocus on green hydrogen hubEgypt also seeks to become a global green hydrogen centre, with the Suez Canal Economic Zone already securing about $431 million contract to export green fuel to Europe. At the Singapore International Energy Week on Monday (21 October) Dr Ahmed Mohina, Egypt’s First Undersecretary of Strategic Planning, Ministry of Electricity and Renewable Energy, said the country is making strides in its green hydrogen ambitions. Gas projects’ growth in Africa in a changing energy landscapeMultiple renewable energy projects launchedMeanwhile, the United Nations Industrial Development Organisation (UNIDO) has launched 23 renewable energy projects in Egypt, valued at $58m, aimed at promoting energy efficiency and green initiatives. The projects focus on renewable energy, wastewater treatment and desalination, with the Egyptian government keen on boosting local manufacturing and attracting foreign investments in these sectors.
Source:The North Africa Journal
October 22, 2024 15:02 UTC
Alternative power benefits rural healthcare in Zimbabwe
More than 1,000 rural institutions have been connected in the Midlands Province of Zimbabwe, covering schools, clinics, business centres, villages, farms and chiefs’ homesteads. This is according to the Minister of State for Provincial Affairs and Devolution, Midlands, Owen Ncube. Ncube was at the launch of Gweru Provincial Hospital LED Retrofit Project by the Zimbabwe Energy Regulatory Authority (ZERA), in Gatawa Clinic, Lower Gweru. The programme focuses on energy efficiency and alternative energy technologies in remote areas of Zimbabwe. Solar mini-grid empowers rural lives in ZimbabwePursuing rural industrialisation, modernisation and quality health service delivery in ZimbabweThe Gatawa Clinic switch-on ceremony that took place on Friday, 18 October.
Source:The North Africa Journal
October 22, 2024 14:51 UTC
Hosts Egypt edge Morocco to make it three out of three
CAF Beach Soccer Africa Cup of Nations hosts, Egypt have marched onto the knockout stages of the competition in style following an overhaul of points in their Group A matches. The Egyptians faced fellow tournament favourites, Morocco in a highly entertaining North African duel on Tuesday, 22 October in Hurghada to decide who finishes top of the group. The closely contested tie concluded with the hosts edging Morocco, 3-2 to seal a successful group stage campaign that sees them finish top of the group. Morocco who won against Tanzania and Ghana to secure a spot in the knockout stages finishes second behind the hosts with 6 points. The CAF Beach Soccer Africa Cup of Nations Egypt 2024 continues in Hurghada with the final scheduled for 26 October.
Source:The North Africa Journal
October 22, 2024 14:51 UTC
Seoul demands North Korean troops leave Russia immediately
About 1,500 North Korean soldiers, including those from the special forces, have already arrived in Russia , according to Seoul's spy agency. South Korea has summoned the Russian ambassador, seeking the "immediate withdrawal" of North Korean troops which it says are being trained to fight in Ukraine. Some South Korean media reports have suggested as many as12,000 North Korean soldiers are expected to be deployed. But others believe the Russian military units will have difficulties incorporating North Korean troops into their frontlines. Apart from the language barrier, the North Korean army has no recent combat experiences, they said.
Source:The North Africa Journal
October 22, 2024 14:19 UTC
Emerging markets boosting export orders
"Our orders have surged significantly this year, especially from countries like Singapore, Brazil, New Zealand and Finland," said Wang Hui, the company's business director. China's foreign trade grew 5.3 percent year-on-year to 32.33 trillion yuan in the first three quarters, with exports up 6.2 percent, said the General Administration of Customs. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics. China's foreign trade value with over 160 countries and regions continued to grow during the January-September period. For example, China saw its foreign trade value with the Association of Southeast Asian Nations soar 9.4 percent year-on-year to 5.09 trillion yuan between January and September, Customs data show.
Source:The North Africa Journal
October 22, 2024 13:53 UTC
Municipalities need new business models and revenue streams
“There is no financial model to assist the municipality to understand the impact of different trends on the sustainability of the electricity trading service,” warned Mkhize. “We need to unbundle and restructure the electricity trading services. Nersa auditing municipalities in South AfricaThe regulator is auditing the financial and technical health of a sample of three municipalities, which will increase as pending becomes available. “The regulator has been quite lenient with municipalities till now, in that many municipalities have not had a system to measure performances. Municipalities, renewable energy and wheeling“We are encouraging municipalities to enter into that space by bringing in the IPPs and buying from them.
Source:The North Africa Journal
October 22, 2024 13:49 UTC
Morocco allocates 340 bln MAD to public investments in 2025 – The North Africa Post
Morocco’s 2025 budget has allocated 340 billion dirhams ($34.5 bln) to public investments, up 1.5% from last year. The investments would focus on key sectors such as renewable energies, telecommunications, housing, farming, electricity, water, phosphates, roads, and transports, according to the draft budget. The 2025 assumes a 4.6% growth rate in 2025, up from 3.3% this year, inflation at 2% and a budget deficit at 3.5%. The new development model aims at increasing the share of private investments to two-thirds instead of one third currently and to double the GDP per capita by 2035. To that end Morocco has enacted an investment charter that offers incentives to the private sector and launched the Mohammed VI investment fund to spur private investments.
Source:The North Africa Journal
October 22, 2024 13:29 UTC
Global Rail Construction Project Insights Report 2024: Track $5.9 Trillion in Projects Underway, Spanning Pre-Planning to Execution - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Project Insight - Global Rail Construction Projects (Q2 2024)" report has been added to ResearchAndMarkets.com's offering. The report provides analysis based on the analyst's construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving country, stage, value of projects. The analyst is currently tracking railway construction projects globally, from the early pre-planning stages (announcement and study) through to execution, with a combined value of $5.9 trillion. Assess all major projects by value, start date, scope and stage of development globally, for the regions to support business development activities.
Source:The North Africa Journal
October 22, 2024 13:20 UTC
Healthtech Hub Africa Investor Summit 2024: An Exceptional Stage For Accelerating Health Innovation And Investment In Africa
The HealthTech Hub Africa officially announces the 2024 Investor Summit, which will be held at the Kigali Serena Hotel and Norrsken East Africa, Rwanda, between October 30th and October 31st, 2024. The HealthTech Hub Africa Investor Summit 2024 is a premier two-day event that brings together startups, investors, and industry leaders to foster collaboration and unlock funding opportunities within Africa’s healthtech investment ecosystem. For the first time, the Summit will join forces with Africa CDC to be featured at the Africa HealthTech Summit 2024, significantly enhancing its impact and reach. Africa CDC, through the Africa HealthTech Summit platform, is a crucial strategic partner catalysing the implementation of the event. For more information regarding the Investor Summit 2024 and the work that the Healthtech Hub Africa is doing, check out them out here : https://thehealthtech.org/ summits/investor-summit-2024/
Source:The North Africa Journal
October 22, 2024 13:17 UTC
India Dairy Alternatives Market Size & Outlook, 2030
India dairy alternatives market highlights The India dairy alternatives market generated a revenue of USD 692.4 million in 2022 and is expected to reach USD 2,054.2 million by 2030. The India market is expected to grow at a CAGR of 14.6% from 2023 to 2030. In Asia Pacific, China dairy alternatives market is projected to lead the regional market in terms of revenue in 2030. India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,054.2 million by 2030. Horizon Databook has segmented the India dairy alternatives market based on soy, almond, coconut, rice, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Source:The North Africa Journal
October 22, 2024 13:16 UTC
South Africa Hospital Linen Supply And Management Services Market Size & Outlook, 2030
The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hospital linen supply and management services market will help companies and investors design strategic landscapes. Bed sheet & pillow covers was the largest segment with a revenue share of 46.26% in 2023. Horizon Databook has segmented the South Africa hospital linen supply and management services market based on bed sheet & pillow covers, blanket, bed covers, bathing & cleaning accessories, patient repositioner covering the revenue growth of each sub-segment from 2018 to 2030. These companies offer gowns, apparel, bedsheets, pillow covers, and other linen clothing for healthcare settings.
Source:The North Africa Journal
October 22, 2024 13:07 UTC
Global Airport Construction Project Insights, Q2 2024: Track the Top 20 Projects Per Region - Key Operators, Funding, Country, Stage, Value of Projects - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Project Insight - Global Airport Construction Projects (Q2 2024)" report has been added to ResearchAndMarkets.com's offering. The global airport projects pipeline, as tracked by the analyst in Q2 2024, is worth $616.2 billion - more than the $580.4 billion pipeline recorded in Q1 2024. The report provides analysis based on the construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving country, stage, value of projects. Assess all major projects by value, start date, scope and stage of development globally, for the regions to support business development activities.
Source:The North Africa Journal
October 22, 2024 12:04 UTC
Klasha Secures Additional $2M to Expand Cross-Border B2B Payment Solutions into China
ShareKlasha has secured an additional $2 million in funding to enhance its cross-border B2B payment services, focusing on enabling merchants in Asia and Africa to send and receive payments through its payment rails. The fresh capital will support Klasha’s expansion into Asia, particularly with the opening of a new office in Hangzhou, China, a key hub for major e-commerce players and payment service providers like Alibaba. Klasha aims to provide seamless B2B payment solutions between Asia and Africa, utilizing its virtual multi-currency accounts, collection and payout APIs, and cross-border wire services to facilitate faster and more efficient transfers across multiple currencies. Anuna emphasized Klasha’s commitment to further strengthening its B2B payment capabilities between the two regions. With this new funding and the addition of Justin Fan to the team, Klasha is well-positioned to tap into the opportunities within the Asian B2B payment sector.
Source:The North Africa Journal
October 22, 2024 11:16 UTC
A growth arena: State of grocery retail 2024 Middle East and North Africa
ForewordThe grocery sector in the Middle East and North Africa (MENA) region has demonstrated remarkable resilience over the past year. McKinsey’s 2024 CEO and Consumer Surveys, along with other research, highlight eight trends shaping the global grocery market this year (Exhibit 1). 1MENA’s grocery market: A growth arena in the world of grocery retailThe grocery sector in MENA has not been immune to global economic pressures, but the sector is enjoying strong momentum and has significant growth potential. Grocery retailers enjoy a privileged position in today’s media landscape by virtue of their reach and scale. This is a Middle East and North Africa–specific version of McKinsey’s State of Grocery Retail 2024 report series.
Source:The North Africa Journal
October 22, 2024 10:32 UTC
Morocco’s territorial integrity & sovereignty over its Sahara NOT negotiable – The North Africa Post
Morocco has reaffirmed that its territorial integrity and full sovereignty over its entire Saharan Territory are RED LINES and NOT NEGOTIABLE, sending a strong message to Algeria, Polisario and UN Sahara envoy Staffan de Mistura. Morocco’s unwavering stand on the Sahara was voiced Monday by foreign minister Nasser Bourita at a press briefing held in Rabat following his talks with Estonian peer Margus Tsahkna. “The Sahara, Morocco’s unity and territorial integrity have never been on the negotiating table, nor the subject of agreements or compromises”, said Bourita. Morocco had already rejected categorically in 2002 the “partition plan” submitted by former UN Sahara envoy James Baker, on a proposal from Algeria, underlined Bourita. Aziz Akhannouch delivered Morocco’s address reiterating the Kingdom’s firm attachment to a lasting political solution based exclusively on the autonomy plan offered by Morocco to the Sahara under its sovereignty.
Source:The North Africa Journal
October 22, 2024 10:31 UTC