Payments giant Cellulant expands Middle East and North Africa operations with new Egypt payment licenses
Leading payments fintech company Cellulant (www.Cellulant.io) has today announced that it has obtained the initial approval as a Payment Service Provider and Payment Facilitator in Egypt. Adding these licences strengthens Cellulant’s operations in Africa, where it has the most comprehensive payment infrastructure, integrating over 370 payment methods, operating in 35 markets with licences and physical offices in 19 countries. Customers are expanding their purchase methods, necessitating businesses to expand their payment methods to alternative and locally relevant ones. We’re excited to successfully secure these licences and solidify our operations in Egypt, making our payment solutions accessible to the regional and global businesses operating in and getting into Egypt. The company powers payments for global brands in various sectors, such as Airlines, Telecoms, E-commerce, Ride-Hailing, Retail and Remittances.
Source:The North Africa Journal
November 16, 2023 19:31 UTC
Madagascar Heads to the Polls in an Election Boycotted by the Opposition
Roland Ratsiraka, a prominent opposition candidate, emphasized that the necessary conditions for a transparent and widely accepted presidential election have not been met. His brief statement underscores the opposition’s scepticism about the integrity of the electoral process. Hajo Andrianainarivelo, another opposition candidate, clarified that their objection is not a complete boycott of the elections, as they are active participants as candidates. However, he expressed dissatisfaction with the November 16 date, asserting that the election, as currently planned, falls short of meeting the necessary standards. Ten out of 12 opposition candidates in Madagascar on Tuesday called on voters to shun a presidential election scheduled for Thursday, amid concerns about the vote’s regularity.
Source:The North Africa Journal
November 16, 2023 19:29 UTC
Dakhla: Falcon Capital Dakhla inks construction of green hydrogen production plant with French HDF Energy – The North Africa Post
Moroccan utility system construction company ‘Falcon Capital Dakhla’ has signed a partnership deal with French HDF Energy to build a green hydrogen production plant for a total investment of $2 billion in the kingdom coastal region of Dakhla. The deal was signed by Majid Slimani, founder and president of ‘Falcon Capital Dakhla’ and Damien Havard, Chief Executive Officer of the French company. Damien Havard argued that the partnership deal represents the perfect synergy between two complementary entities, enabling Morocco to produce some of the most competitive green hydrogen in the world. The French company, founded in 2012, is a pioneer in large-scale green hydrogen infrastructure and high-power fuel cells. The company announced in October 2023 during the Africa Climate Summit held in Nairobi (Kenya) the commencement of development studies for the first green hydrogen power plant in the eastern African country.
Source:The North Africa Journal
November 16, 2023 18:19 UTC
IMF approves Sh142.7bn loan to Kenya
The International Monetary Fund (IMF) announced on Thursday that it had reached an agreement on a $938 million (€864 million) loan for Kenya, an East African country facing liquidity problems and economic difficulties. Kenya is under pressure "on its liquid assets, mainly due to the large Eurobond maturing" in June 2024 in the amount of $2 billion, according to the IMF, which notes, however, a recovery in the agriculture and tourism sectors. William Ruto announced that the country would repay a first tranche of $300 million in December. If approved, Kenya will have immediate access to $682 million, according to the financial institution. The cost of servicing the country's public debt, mainly to China, has risen sharply with the collapse of the currency.
Source:The North Africa Journal
November 16, 2023 16:56 UTC
IndiGo expands codeshare horizon, adds Helsinki, Stockholm, Oslo to network
New Delhi, Nov 16 (IANS) IndiGo (NS: ) on Thursday announced the expansion of codeshare connections to Helsinki, Stockholm, and Oslo via Istanbul, in partnership with Turkish Airlines.The connections to Helsinki and Stockholm will become operational on November 23 while Oslo will be effective from Friday. These additions bolster connectivity to northern Europe and will provide passengers access to a total of 42 destinations beyond Istanbul. "Our collaboration addresses specific travel needs – Helsinki caters to the surging demand from Indian students and professionals in Finland, while Stockholm and Oslo open gateways for cultural exchange and bolstering economic ties with Sweden and Norway, respectively. As we expand our global reach, IndiGo remains committed to delivering affordable, on-time, and hassle-free travel experiences across our extensive network," he said. An airline spokesperson said: "These flights are being introduced to cater to business and leisure travellers seeking new and affordable flying options to access destinations that facilitate business development and offer tourist attractions."
Source:The North Africa Journal
November 16, 2023 15:20 UTC
Largely Ignored by the Western World, Africa’s Medieval Treasures Shine at the Met
We like to keep history as we’ve learned it in a headlock, to make sure it doesn’t shift or change. They turn the world into a fixed field of safe-spots and blanks, an us-them weave of gates and fences. One of the many — many — benefits of much-maligned “wokeness” has been its message to relax the hold, toss the charts or, better, revise them: explore blanks, rethink fences. It’s thanks to this more free-breathing approach to history, including art history, that we’re getting a challenger of an exhibition like “Africa & Byzantium,” which opens at the Metropolitan Museum of Art this Sunday. At the same time, as its title suggests, the show confuses — in a good way — certain expectations about who made what, and what came from where.
Source:The North Africa Journal
November 16, 2023 14:57 UTC
The War in Gaza Is Making Morocco’s Ties With Israel Untenable
Ever since Morocco normalized diplomatic relations with Israel in late 2020, the government and the royal Cabinet of King Mohamed VI have had to engage in an awkward balancing act. As they nurtured fast-growing political, economic and military relations with Israel, authorities had to simultaneously portray Rabat’s official position as remaining actively pro-Palestinian. Morocco’s stance, like that of other countries that signed up to the Abraham Accords, was always going to be a challenge. For years, the conflict between Palestinians and Israelis has been marked by sporadic clashes between Israeli forces and armed groups in Gaza, the ongoing encroachment of illegal Israeli settlements amid violence in the West Bank, and diminishing hope for a genuine political resolution. But after the brutal attacks perpetrated by Hamas on Israeli civilians and military personnel on Oct. 7 and the ruthless and escalating war unleashed by the Israeli military on Gaza in response, Morocco’s stance is close to untenable.
Source:The North Africa Journal
November 16, 2023 13:53 UTC
Middle East and North Africa Leisure & Attractions Council (MENALAC)
profileMiddle East and North Africa Leisure & Attractions Council (MENALAC)DWTC One Central Building 22nd Floor, Office 207, DAC Office No. 13P.O Box 9289, Dubai, UAETel: +971 4 516 3046Mob: +971 50 8113405Email: DWTC One Central Building 22nd Floor, Office 207, DAC Office No. 13P.O Box 9289, Dubai, UAETel: +971 4 516 3046Mob: +971 50 8113405Email: [email protected]TwitterFacebookInstagramLinkedinYouTubePodcastMiddle East and North Africa Leisure & Attractions Council (MENALAC) is a non-for-profit Trade Council representing the Leisure and Attractions companies in the Middles East and North Africa. MENALAC aims to shine the light on and elevate the MENA Leisure & Attractions Industry through its many industry initiatives and programs and to bring together Operators, Manufacturers, Consultants, Service Providers, Boards and Government Authorities on a common platform and create a harmonized code for the Leisure & Attractions industry within the region. © Kazoo 5 Limited 2023
Source:The North Africa Journal
November 16, 2023 13:33 UTC
Gabon’s Economic Outlook Improves
The African Development Bank (AfDB) lifted financial sanctions imposed in 2022 following the coup that ousted President Ali Bongo. The sanctions had a significant impact on Gabon’s economy, limiting the country’s access to international financing and disrupting its trade and investment flows. The removal of sanctions is a crucial development, as it allows the country to resume receiving loans and grants from the AfDB for its domestic projects. This will boost economic growth and create opportunities for its citizens. The talks in the Republic of Congo focused on the economic situation in Gabon and the AfDB’s support for its recovery and development.
Source:The North Africa Journal
November 16, 2023 13:22 UTC
Middle East/North Africa (MENA) Commercial Vehicles Market Worth US$ 11.4 billion by 2033 | Future Market Insights, Inc.
FMI LogoGrowing demand for commercial vehicles in MENA for industries like waste management, mining, construction, and petrochemicals. NEWARK, DELAWARE, UNITED STATES OF AMERICA, November 16, 2023 / EINPresswire.com / -- The Middle East/North Africa (MENA) Commercial Vehicles Market Growth is projected to advance at a CAGR of 5.1% during the period 2023 to 2033. Based on research conducted by FMI, the Türkiye construction market is expected to grow at a CAGR of 5%. With more such initiatives, the sales of Middle East/North Africa (MENA) Commercial Vehicles would certainly increase during the forecast period.When we talk about petroleum, UAE is always right up there. Commercial Vehicle Automotive Thermal System Market Size is likely to grow from US$ 16.62 billion in 2023 to over US$ 25.40 billion by 2033.About Future Market Insights (FMI)Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Source:The North Africa Journal
November 16, 2023 13:06 UTC
diamond mines
*Diamond mines in Russia have been excluded from this article*Today, there are many diamond mines scattered around the world, including Russia, Canada, Australia, Botswana, and South Africa. (www.debswana.com)Known as one of the richest diamond mines in the world, Jwaneng Diamond Mine (where a small stone is found in Setswana) is situated approximately 160 miles southwest of Gaborone, in South Central Botswana. One of the world’s largest diamond mines – Venetia Diamond Mine. Diavik Diamond Mine (Canada)Diavik Diamond Mine, one of the most uniquely located diamond mines (YouTube Screenshot)The Diavik diamond mine is located on East Island, a 20 km2 island found in Lac de Gras, approximately 300 km north-east of Yellowknife, the capital of Canada’s Northwest Territories. The mine is jointly owned by Diavik Diamond Mines, a subsidiary of Rio Tinto, and Dominion Diamond Corporation.
Source:The North Africa Journal
November 16, 2023 13:02 UTC
Libya : MbZ adviser facilitates Siddiq Haftar's European tour
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Source:The North Africa Journal
November 16, 2023 12:15 UTC
Nigeria: Top cement producers battle for market share
BUA Cement Plc., Nigeria’s second-largest cement producer, roiled the market in early October when it announced a 36% price cut for its product to gain market share. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Subscribe Now cancel anytime Already a a subscriber Sign In
Source:The North Africa Journal
November 16, 2023 11:08 UTC
North Korea Tests New Powerful Solid-fuel Engines for its IRBMs
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Source:The North Africa Journal
November 16, 2023 10:33 UTC
SA vs AUS, CWC 2023 Semifinal 2: Broadcast, Live Streaming details – When and Where to Watch in India, South Africa, Australia, US, UK & other countries
In a captivating semi-final clash of the ongoing ICC Men’s Cricket World Cup 2023, Temba Bavuma’s South Africa are set to face the five-time world champions Australia, captained by Pat Cummins, at the iconic Eden Gardens on Thursday, November 16. Securing the second position in the league stage, South Africa displayed an impressive performance, winning 7 out of the 9 matches played in the league. Australia, positioned third, shares the same points as South Africa but holds a slightly lower NRR of (+) 0.841. However, in this knockout semi-final, the NRR will only come into consideration if the match is abandoned. SA vs AUS Head-to-head record (in ODI World Cups):Matches played: 07 | Australia won: 03 | South Africa won: 03 | Tied: 01SA vs AUS, Semifinal 2: ODI World Cup 2023Date and time: November 16, 2023; 08:30 am GMT/02:00 pm ISTNovember 16, 2023; 08:30 am GMT/02:00 pm IST Venue: Eden Gardens, KolkataSA vs AUS Broadcast & Live Streaming details:
Source:The North Africa Journal
November 16, 2023 10:29 UTC