This dip was largely influenced by Egypt and South Africa, two of the continent’s largest economies, which experienced varied FDI trends throughout the year. Despite the overall decrease in FDI, Africa witnessed a notable increase in the share of global greenfield megaprojects, with six projects valued above $5 billion. The renewable energy sector also attracted substantial attention, with over $10 billion allocated to wind and solar electricity production projects across Egypt, South Africa, and Zimbabwe. West Africa’s FDI flows dipped slightly by 1%, albeit bolstered by Mauritania’s hydrogen project. In Southern Africa, South Africa’s FDI inflows dropped by 43%, influenced by fluctuations in Angola.

Following the launch of VertiGIS Networks, VertiGIS Studio and VertiGIS FM, the company is continuing to scale with its cloud platforms hosting all its applications. VertiGIS has announced its new cloud infrastructure to unite all VertiGIS solutions into global cloud platforms. Having grown through multiple acquisitions over recent years, VertiGIS has a variety of different product applications and it has now unified these solutions under cloud infrastructure platforms. This is where cloud really comes into its own, enabling organisations to move their existing applications into a cloud infrastructure. Based in Germany, this provider is already supporting a couple of large VertiGIS customers, with Berlin, Hamburg and Bremen utilising this infrastructure.

LEXINGTON, Ky. (WKYT) - Patricia Ginter says her father, Cecil, never really liked to be the center of attention. However, on Tuesday, he was posthumously honored with a set of Valor Medals he earned for his active ground combat service in World War II. While most of the records were lost in fires, his family continues to share his bravery to this day. Senator Rand Paul was in attendance to gift the award to the family. Thank you very much.”Cecil passed away in 1995, and his family is so grateful to receive these medals 29 years after his passing.

Egypt’s Connect Money, a banking-as-a-service fintech company focused on embedded finance services, has closed a seed funding round worth US$8 million to help it launch five new business verticals. Connect Money offers a comprehensive white-label card issuing platform that enables businesses to provide their customers with debit and credit cards without the need to develop fintech infrastructure or obtain regulatory licensing. This significant seed investment underscores our hyper-growth potential as we strive to eliminate existing pain points for businesses aiming to become financially enabled,” said Ayman Essawy, co-founder and CEO of Connect Money. “We are proud to partner with Connect Money to revolutionise embedded finance in MENA. “Connect Money’s expertise, deep market knowledge, and cutting-edge integrated tech will greatly enhance accessibility and efficiency in financial services, benefiting the fintech-enabled ecosystem and transforming banking operations while positioning Egypt as a valuable hub for exporting embedded finance services.”

The REA, working with the Office of the Commissioner for Refugees (COR) and UNHCR, the UN Refugee Agency, jointly delivered an electrification project in Meheba Settlement, Kalumbila District, Northwestern Province. Vice President Mutale Nalumango unveiled the plaque during the commissioning of the Meheba project. Alex Mbumba during the commissioning of the Meheba electrification project. Electricity at Meheba Refugee Settlement means more than lightProviding sustainable energy to Zambian districts that host refugees and former refugees is a crucial element of the pledges. The joint project also enables the supply of electricity to Meheba A Primary and Secondary Schools, Meheba B Primary and Secondary Schools, Kananga Primary School, Kananga Rural Health Centre (RHC), Meheba A RHC, Meheba B RHC, Jagaimo RHC, Meheba Police, St. Mary’s Mission and surrounding areas.

Mongabay recently launched a brand-new bureau dedicated to covering the African continent in French and English, led by veteran Cameroonian journalist David Akana. Akana joins Mongabay’s podcast to discuss the importance of covering Africa well and why the news that happens there should be on readers’ radar worldwide. He joins the Mongabay Newscast to discuss why news of the African continent should be on the minds of readers and listeners worldwide. It’s so beautiful when you fly across the Congo Basin because it’s so rich. He co-hosts and edits the Mongabay Newscast.

SEOUL, South Korea — A suspected hypersonic missile launched by North Korea exploded in flight on Wednesday, South Korea’s military said, as North Korea protests the regional deployment of a U.S. aircraft carrier for a military drill with South Korea and Japan. The North Korean missile was launched at about 5:30 a.m. and was aimed toward the North’s eastern waters before the failure, South Korea’s Joint Chiefs of Staff said. South Korea said North Korea launched large balloons carrying trash across their border Tuesday night for the sixth time since late May. North Korea says it is responding to balloons launched by South Korean activists that carried political leaflets into the North. Also Wednesday, South Korea and the U.S. flew 30 advanced fighter jets as part of joint drills this week.

This prestigious recognition positions Conlog as a key supplier for smart prepaid electricity and water meters across South Africa. Amidst an ongoing energy crisis, smart meters have become critical to managing demand response and easing the strain on the national grid. Smart meters enable accurate billing and effective revenue collection, crucial for municipalities struggling with unpaid bills. “Our smart meters support municipalities and Eskom in avoiding loadshedding by enabling precise control over energy distribution,” Moodley explains. Now watch thisDesigan Govender, Conlog Portfolio Manager, spoke to ESI Africa about their smart metering technology and the latest innovations in the field.

We’ve picked five standout cryptos for 2024: BlockDAG (BDAG), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Fantom (FTM). Experts anticipate BlockDAG’s value could soar to $30 by 2030, making it an enticing option for those eyeing long-term growth. Cardano (ADA): Built on Scientific FoundationsCardano distinguishes itself with its methodical, research-based approach to blockchain technology. Cardano’s strategic partnerships span various sectors, enhancing its practical use and supporting its long-term growth prospects. With strategic planning and groundbreaking technology, BlockDAG is well-equipped to provide significant returns over the coming years.

North Korea missile explodes in midair after launch, South’s military saysBy Joyce Lee and Hyonhee ShinSEOUL (Reuters) -North Korea test-fired what appeared to be a hypersonic missile off its east coast on Wednesday, but it exploded in midair, South Korea’s military said. The missile was launched from near the capital, Pyongyang, South Korea’s Joint Chiefs of Staff said. North Korea’s last missile launch was on May 30. North Korea this week criticised the deployment of a U.S. aircraft carrier to joint drills with South Korea and Japan, and warned of an “overwhelming, new demonstration of deterrence”. The missile launch comes a day after the 74-year anniversary of the beginning of the Korean War.

ATHENS, Greece — Greece on Monday accused neighboring North Macedonia’s new center-right government of breaking a historic deal on the country’s name, warning that this could harm its hopes of one day joining the European Union. It ended a decades-long quarrel over history and cultural heritage, and stipulated that the country would formally adopt the new name North Macedonia. AdvertisementSpeaking in parliament Sunday ahead of a vote to approve his new government, Mickoski repeatedly used the old name, Macedonia. AdvertisementGerapetritis said North Macedonia’s new leadership “has decided, systematically and insistently, not to use (the name North Macedonia) domestically in public discourse. This is a clear breach of the (agreement with Greece) that calls for the use of the name North Macedonia both domestically and internationally,” he said.

A financing package has been announced for a digital infrastructure provider to fund an expansion strategy in three African countries. The plan is to enhance the continent’s digital infrastructure and connectivity and support economic growth. With the funding, WIOCC Group will expand its core and edge data centres in the Democratic Republic of Congo (DRC), Nigeria and South Africa to meet the growing demand for colocation and other data centre services. This unstable electricity supply hinders the operations of data centres, which need a reliable supply of electricity at high energy costs to run smoothly. Truly neutral and open-access data centres are the cornerstone of a diversified digital ecosystem,” said Ducreux.

The data presented suggests the effectiveness in individuals with opioid dependence who use fentanyl, consistent with the results from the Phase 3 study. Buvidal is approved for treatment of opioid dependence in the EU, UK, Switzerland, Australia, New Zealand and several countries in the Middle East and North Africa. About Camurus Camurus is a Swedish, science-led biopharmaceutical company committed to developing and commercializing innovative, long-acting medicines for the treatment of severe and chronic conditions. Weekly and Monthly Subcutaneous Buprenorphine Depot Formulations vs Daily Sublingual Buprenorphine With Naloxone for Treatment of Opioid Use Disorder: A Randomized Clinical Trial. Extended-Release Injection vs Sublingual Buprenorphine for Opioid Use Disorder with Fentanyl Use.

Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. Inflation is expected to drop to 1.5% in 2024, compared with 6.1% in 2023 and 6.6% in 2022, it said. Consecutive droughts have slashed Morocco’s cereals output weighing on overall economic growth, which the bank sees dropping to 2.8% this year, after 3.4% last year. The bank expects the country’s economic growth to rebound to 4.5 % in 2025. Morocco’s foreign exchange reserves are seen at 38 billion dollars, enough to cover 5 months and a half of imports.

Bousnina’s space is the second art gallery to open this year in Tunis. “We are also trying to bring art into the larger Tunisian community – providing access to communities with no access to art or art activities,” said Feriani. An exterior view of Selma Feriani’s Tunis gallery Image: Courtesy of Selma FerianiThis burst of newcomers onto Tunisia’s art scene is taking place during a time of great uncertainty for the country. Each year Kilani organises El Kazma, a video art exhibition in the coastal city of Gabès, in parallel with the Gabès Cinema Fen, an annual festival of Arab cinema. In 2019, longtime Tunisian art collector and patron Lina Lazaar opened B7L9, a new contemporary art space in an impoverished area outside of Tunis.