Japan Tobacco International launches construction of its first green factory in Tetouan Park – The North Africa Post
Japan Tobacco International launched, on Friday July 19, the construction of its new factory in the Tetouan Park industrial zone, within the Tanger Med industrial platform, to consolidate its presence on the African continent. This project, requiring an investment of $92 million (931.2 million dirhams), marks a new milestone in JTI’s development in Morocco and Africa. The new factory, whose construction begins in August 2024, will be equipped with the most advanced technologies to become a model Green Factory, emphasized Japan Tobacco International (JTI) in a statement. JTI is thus consolidating its presence and sustainable investment in Africa with its activity in the North African country through NATC (North Africa Tobacco Company). JTI is an international tobacco company that markets its brands in more than 130 countries around the world, with a wide range of traditional and low-risk products.
Source:The North Africa Journal
July 19, 2024 21:02 UTC
Digital Precinct Celebrates 4th Cohort Graduation
Samsung is pleased to announce the graduation of the 4th cohort from its Advanced Industry Experience Programme, conducted in partnership with Tshimologong Digital Precinct. The graduation ceremony for the 18 graduates was held on July 18, 2024, at Tshimologong Precinct in Braamfontein, Johannesburg. Addressing ICT challenges for graduatesRecognizing the challenges faced by ICT graduates in securing jobs in the software development industry, Samsung launched this innovative 12-month internship programme. This initiative, part of Samsung’s Equity Equivalent Investment Programme (EEIP), aims to bridge the gap between academic knowledge and practical industry experience. “Samsung remains committed to fostering the growth of quality software development skills in South Africa.
Source:The North Africa Journal
July 19, 2024 20:26 UTC
Highlights from the global tech outage: Airlines, businesses and border crossings hit by global tech disruption
Harris Health System, which runs public hospitals and clinics in the Houston area, said it had to suspend hospital visits “until further notice” due to the outage. Elective hospital procedures were being canceled and rescheduled. The outage affected records systems for Providence, a health system with 51 hospitals in Alaska, California, Montana, Oregon and Washington state. In New England, the outage led some hospitals to cancel appointments. A spokesperson at Mass General Brigham, the largest health care system in Massachusetts, said the outage had resulted in all scheduled nonurgent surgeries, procedures and medical visits being canceled for Friday.
Source:The North Africa Journal
July 19, 2024 20:20 UTC
JinkoSolar recognised on BNEF’s energy storage Tier 1 list
The company made it to the latest ‘BNEF Energy Storage Tier 1 List 3Q 2024’ for its exceptional performance in the energy storage field. As a leading global provider of solar and energy storage solutions, JinkoSolar is dedicated to innovating and applying energy technologies. Its energy storage product series is used across various scenarios, from utility projects to commercial & industrial, and residential energy storage systems, showcasing JinkoSolar’s comprehensive solutions in the energy storage field. JinkoSolar ESS making waves in the SSA regionEnergy storage systems are a key part of the product offering at JinkoSolarJinkoSolar‘s SunTera G2 energy storage system excels with its outstanding performance. These innovations not only enhance the performance of SunTera G2 but also make it one of the most cost-effective energy storage solutions on the market.
Source:The North Africa Journal
July 19, 2024 19:51 UTC
Nigeria: DisCo and RE companies to set up solar mini-grids
An electricity distribution company (DisCo) in Nigeria is partnering with renewable energy companies to build solar mini-grids across three states. The Kano Electricity Distribution Company (KEDCO) announced recently that, together with its partners, it intends to build solar mini-grids in 41 locations across Kano, Katsina and Jigawa States. The company said that under the KEDCO Utility 2.0 Project, the distribution company wants to enhance energy security within its network. Who owns electricity distribution companies in Nigeria? REA signs MOUs for renewable energy projects and energy access in Nigeria
Source:The North Africa Journal
July 19, 2024 17:28 UTC
South Africa : Ex-US attorney general Eric Holder, MTN's favourite lawyer
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Source:The North Africa Journal
July 19, 2024 16:41 UTC
Chinese Goodwill (Wankang) company to open largest ceramic and porcelain factory in the North Africa soon
The Economy and Trade Ministry reported that the completion rate of the factory had reached 98 percent, which is managed by the Chinese Goodwill Ceramic Company, part of the Wankang Holding Group. The contract was for the use of a plot of land of 26 hectares to establish a ceramics and porcelain factory located within the expansion area of the Karareem Industrial Zone, in Misrata. Localising sustainable industrial developmentThe Industrial Zones Authority had said this step comes within the framework of localising new industrial projects and a step forward in the framework of sustainable industrial development in Libya. The company had announced the establishment of the “Al Sharq” company as its first investment activity on Libyan soil and chose MFZ as its headquarters. *A usufruct contract is a limited but real legal right accorded to a person or party that confers the temporary rightChina’s Goodwill to establish ceramics/porcelain factory in Misrata Industrial Zone (libyaherald.com)Industrial Zones Director visits Misrata site and China’s Goodwill Company project (libyaherald.com)China’s Wangkang establishes its first Libyan company in Misrata Free Zone (libyaherald.com)
Source:The North Africa Journal
July 19, 2024 16:39 UTC
African fintech Afriex launches new Global Accounts feature to boost cross-border payments
Y Combinator-backed fintech startup Afriex has launched a new feature called Global Accounts that empowers individuals and businesses across Africa to seamlessly manage multi-currency accounts, making it easier than ever to receive, send, and store funds internationally. Its new Global Accounts feature allow customers to receive and hold funds in multiple currencies, including USD, GBP and EUR, all within a single, intuitive interface. This eliminates the need to maintain separate accounts and navigate the complexities of traditional cross-border payments. “With the launch of Global Accounts, we’re taking a significant step forward in simplifying cross-border money management and addressing a critical pain point for our users. Freelancers, remote workers, and anyone needing to receive USD directly can now receive, hold, transfer, and manage their funds seamlessly.”
Source:The North Africa Journal
July 19, 2024 15:52 UTC
2 young orcas ram sailboat off northern France — 800 miles from 'attack' hotspot
It's unclear which population of European orcas (Orcinus orca) was behind the recent boat-ramming incident in Brittany. Orcas have rammed a sailboat off the coast of Brittany — a whopping 800 miles (1,300 kilometers) north from the Strait of Gibraltar, where the majority of orca attacks on boats have occurred. The incident occurred July 16 off the coast of Guilvinec, a commune 40 miles (65 kilometers) southeast of Brest in northwestern France. The couple on board lost control of their boat — a 40-foot-long (12 meters) wooden pleasure craft — after two young orcas (Orcinus orca) broke the rudder, local newspaper Le Télégramme reported . It's unclear which population of orcas was behind the recent ramming off the coast of France.
Source:The North Africa Journal
July 19, 2024 15:42 UTC
JMIA: Is Jumia Technologies a Hidden Gem in E-Commerce?
Headquartered in Berlin, Germany, Jumia Technologies AG (JMIA) operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. Further, Jumia reported a liquidity position of $101 million, compared to a decline of $22 million in the first quarter of 2023. Furthermore, its total assets amounted to $159.03 million, compared to $189.94 million as of March 31, 2024. Elevated ValuationIn terms of forward EV/Sales, JMIA is currently trading at 5.70x, 367.3% higher than the industry average of 1.22x. Get all JMIA ratings here.
Source:The North Africa Journal
July 19, 2024 15:31 UTC
South Africans Mark Nelson Mandela Day 2024
Nelson Mandela Day is an internationally recognized day instituted by the United Nations to honor the former South African president and activist, Nelson Mandela. On this day, people are encouraged to make a difference in their communities, in line with Mandela’s belief that everyone has the ability and responsibility to make the world a better place. For Mandela’s heirs in the ANC, Nelson Mandela Day presents an opportunity to return to the ideals that made him a champion of human rights. The party recently lost its majority in parliament, a first in 30 years, forcing it to share power with former rivals in a coalition government. The election’s results demonstrate a loss of faith in the party which Mandela led, and serves as a wake-up call for it to improve the lot of South African citizens.
Source:The North Africa Journal
July 19, 2024 14:46 UTC
Can AI Unlock New Opportunities for South Africa’s Society?
However, AI should be viewed as a supportive tool designed to enhance human capabilities and create new opportunities for upskilling and upliftment. There is no doubt that AI technologies are enabling personalized learning experiences, ensuring individuals receive tailored content and support based on their needs. By providing access to powerful technologies, individuals are able to create unique businesses and offerings. Tools and Technologies Empowering IndividualsIn innovative spaces, people engage with cutting-edge technologies, including AI, machine learning, robotics, and IoT. In South Africa, and indeed across developing markets, the impact of 4IR technologies like AI is profound.
Source:The North Africa Journal
July 19, 2024 14:39 UTC
CFOs On the Move: Week ending July 19
Georges Elhedery | HSBCGeorges Elhedery Permission granted by HSBCHSBC promoted its chief financial officer, Georges Elhedery, as the chief executive of Europe's largest bank, effective September 2. He previously was senior vice president and treasurer at Webster Financial and a senior vice president, asset/liability manager at M&T Bank. Christian Rothe | Rockwell AutomationChristian Rothe Permission granted by Rockwell AutomationChristian Rothe will join industrial automation company Rockwell Automation as its new chief financial officer on Aug. 19. Ken DiStefano Jr. | Girl Scouts of the USAGirl Scouts of the USA promoted Ken DiStefano Jr. to chief finance officer. Before that, he was global chief financial officer, shared services, for Mars, leading a $600M global services portfolio.
Source:The North Africa Journal
July 19, 2024 14:36 UTC