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November 14, 2024 12:18 UTC

The Minister welcomed AngloGold as a new investor in the Egyptian Mining Sector, noting the government’s aspiration for a strategic partnership in the Sukari gold mine and its commitment to developing an attractive environment for investment along with enhancing environmental sustainability in the Mining Sector. Badawi also highlighted the target of increasing the Sector’s contribution to the national GDP by supporting cooperation and facilitating investment. The meeting included senior officials from the two companies, namely; Marcelo Pereira da Silva, Senior Vice President of AngloGold; Martin Horgan, CEO of Centamin; and Amr Hassouna, CEO of Sukari and Centamin Egypt. Meanwhile, Horgan praised Egypt’s mining potential and that it is on the verge of a new boost in a successful field. First name * Last name * Email Address * Please tick the News Alerts you wish to receive: General Weekly News Product & Services News

November 14, 2024 12:12 UTC

“We have already met with Russian companies that are interested in coming to explore and exploit Niger’s natural resources… not only uranium,” Niger’s minister of mines, Usman Abarchi, said. Niger’s junta, which seized power in a July 2023 coup, had previously made clear it would revamp rules regulating the mining of raw materials by foreign companies. Nigerian authorities are unlikely to allow French companies to continue mining uranium on their territory owing to the fact that Paris has not recognized the new leadership of the state, according to Usman Abarchi. “The French state, through its head, stated that it does not recognize the current authorities of Niger. Do you think it is possible for us … to allow French companies to continue mining our natural resources?”, Abarchi said.

November 14, 2024 11:41 UTC

Rolls-Royce has supported repowering three over-40-year-old and retired locomotives as part of a significant railway refurbishment project conducted by SMH Rail for Kenya Railways. This first-of-its-kind project, initiated by Kenya Railways, will sustainably boost East African Regional trade. The project’s initial phase comprises repowering three Kenya Railways heavy haulage locomotives with state-of-the-art 16V Series 4000 mtu engines (each producing 2,200kW). With the implementation of the African Continental Free Trade Area, we are experiencing an increase in cross-border trade. There are retired locomotives across Africa, most of which have the potential for refurbishment, and this first-of-its-kind initiative by Kenya Railways is leading the way.

November 14, 2024 10:52 UTC

Nigerian wealth management startup Bamboo has launched a fee-free remittances app – Coins By Bamboo – for seamless transactions from Canada to Nigeria. The startup has now launched a remittances app called “Coins by Bamboo.” Backed by the Canadian Money Service Business licence, the new remittance app, available on the Google Play and Apple stores, will enable Nigerians in the diaspora to make faster, more secure and cheaper money transfers to loved ones from the convenience of their mobile phones. Bamboo said the app was an extension of its brand ethos, which is to give Africans the ability to invest in anything, from everywhere. “We are thrilled to officially launch “Coins by Bamboo” to the public. “Coins” is a logical evolution of our core values – providing an opportunity for Africans to participate in the global investment economy,” said Richmond Bassey, co-founder and CEO of Bamboo.

November 14, 2024 09:11 UTC





Africa’s deepwater segment has always played a key role in terms of adding significant discovered volumes, which has helped Africa sustain its hydrocarbon production. The contribution of this segment in Africa’s hydrocarbon production mix was between 20- 25% last decade and is expected to increase between 35-40% by 2035. From the under-construction and pre-FID projects, Rystad Energy estimates that there will be about 3.5 million boepd of new deepwater supply (pre-FID and under-construction projects) in Africa by 2035. Post-COVID-19, the continent has had a muted period of deepwater sanctioning activity, with the average annual deepwater resources sanctioned between 2015-19 dropping to about 330 million boe, compared to an annual average of close to 1890 million boe in 2015-19. If project timelines follow through, Africa could see annual average deepwater resource sanctioning activity surpassing 2 billion boe in the 2025-29 period.

November 14, 2024 09:01 UTC

Africa Data Centres (ADC) intends to expand its presence across West and North Africa, the company’s interim CEO, Finhai Munzara, said. Munzara said that accelerated cloud adoption and digital transformation positively impact the data centre industry, with a notable shift of workloads from on-premises to third-party data centres. Munzara said that the entry of international companies into the African data centre market indicates robust growth potential. “I think it confirms what we’ve always known: that the opportunity is here (Africa), and this is the next wave. Quite a lot is happening in Nairobi, I think it’s becoming one of the key digital hubs in East Africa.

November 14, 2024 08:53 UTC

Egyptian startup Tafweela, which aims to revolutionise the vehicle payments ecosystem through its innovative end-to-end payment solution, has become T-Vencubator’s first venture-building project. As Tafweela becomes the first company in T-Vencubator’s venture-building portfolio, T-Vencubator will provide comprehensive support, including capital investment, mentorship, network access, and operational expertise. “Joining T-Vencubator’s venture-building portfolio is a game-changer for Tafweela,” said Marwan El Shayeb, the startup’s founder and CEO. “Their expertise and resources will be instrumental in our mission to revolutionise the vehicle payments industry. “We are excited to help Marwan build Tafweela and create a high-impact business that addresses a significant market need.

November 14, 2024 08:29 UTC

Entitled “Passion and Perseverance: Voices from the African Founder Journey”, the research includes responses from more than 160 startup founders across 13 African countries, diving deeply into the stresses and challenges they navigate on their startup journeys and how they cultivate resilience. The survey revealed that 86 per cent of founders report an impact on their wellbeing, with 60 per cent reporting anxiety, 58 per cent high stress, 52 per cent exhaustion and burnout, and 20 per cent depression. Most founders reported feeling lonely, stressed, and burned out, and too few are talking about it, highlighting the urgent need for greater support of founder wellbeing in the startup ecosystem. “Prioritising founder wellbeing not only has a positive impact on founders’ lives, but also on the long-term success of their business,” said Ameya Upadhyay, venture partner at Flourish Ventures. With this survey, Flourish also wanted to dig into the role of investors and understand how they make founders’ lives easier, or more difficult.

November 14, 2024 08:29 UTC

SYDNEY, AU, Nov 14, 2024 - (ACN Newswire) - Blueberry, a leading global forex broker, is excited to announce a significant rebrand for the company, which sees the company's name changing from Blueberry Markets to Blueberry, alongside a new sophisticated look and feel. The rebrand marks a new era for the company as a new fully licensed and independent broker and reflects its ongoing commitment to providing a seamless experience to its global trading community. Dean Hyde, Chief Executive Officer at Blueberry, explains the new brand identity reflects the growing maturity of the business. "We've experienced rapid growth since Blueberry was established in 2016 and we're no longer in our infancy, we're an established global trading platform that's serviced over 50,000 traders worldwide. "As Blueberry evolves, our ethos remains clear: to provide the best trading environment in the market coupled with the exceptional customer experience that sets us apart," says Hyde.

November 14, 2024 07:01 UTC

Energy poverty, a burden disproportionately borne by Africans, remains a stark reality in the 21st century. Even esteemed organizations like the International Energy Agency (IEA), representing affluent OECD nations, paint a bleak picture for Africa's energy future. Envision a world where African nations attain energy use akin to that of the European Union, propelling global energy demand to unprecedented levels. The eradication of Africa’s energy poverty should be a central focus for global climate and energy policy makers. For without energy justice for Africa, the journey to net zero emissions will remain an incomplete odyssey—a promise unfulfilled, an injustice unresolved.

November 14, 2024 06:25 UTC

Global AVOD and FAST channel programmer and distributor wedotv is expanding the distribution of its flagship channel wedotv big stories to audiences across the Middle East and North Africa via the EUTELSAT 7 West A satellite, located at the region’s leading 7/8° West video neighbourhood. wedotv big stories brings audiences high-quality factual entertainment, documentaries and other programmes covering a wide range of subjects including nature, science and outdoor adventuring. Available free-to-air, wedotv big stories is referenced in Sat.tv, Eutelsat’s electronic programme guide. Viewers with a connected TV will also be able to watch the channel as IP stream via the HbbTV App. Find wedotv big stories at the following parameters:Satellite: EUTELSAT 7 West AOrbital position: 7° WestTransponder: C05Frequency: 11 295.97 MHzPolarization: HorizontalModulation: DVB-S2Symbol rate: 27500

November 14, 2024 06:20 UTC

| Nov 13 2024 at 10:17 AM | Maritime | Liner ShippingCMA CGM informs its customers of the following Peak Season Surcharge (PSS):From December 7th, 2024, loading date, until further notice:- Origin range: From West Coast Central America & Mexico West Coast, East Coast Central America & the Caribbean- Destination range: North Europe (including Scandinavia, Poland & Baltic), East Mediterranean, West Mediterranean, Black Sea & North Africa- Cargo: Dry only- Quantum: USD 200 per container

November 14, 2024 03:54 UTC

It is a weird and complicated modern history that got us here, and it is a history in which the vote has never been discussed. Since the 20th Century, the default mode of a modern nation-state is ‘republic,’ because that is considered the most legit. This default off-the-rack republic that we have adopted alongside our discount democracy is obviously imperfect. For all the faults I have listed above, the very fact that we are a republic and a democracy creates possibilities. I think that this is what Churchill really meant about there being nothing better than democracy yet.

November 14, 2024 00:01 UTC

This enables Standard Bank to take a big step forward towards achieving their broader, long-term transformation strategy. Standard Bank executives on partnership with Volante TechnologiesAdopting Volante’s platform accelerates Standard Bank’s transition to ISO 20022 standards, benefiting both the bank and its clients. Standard Bank’s shift to Volante’s PaaS and Embedded Preprocessing solution directly addresses these challenges, improving overall client experience and operational performance. “We are proud to partner with Standard Bank and support its ambitious payment modernisation goals,” said Deepak Gupta, EVP Product, Engineering & Services at Volante Technologies. We look forward to working closely with Standard Bank as it continues to expand across the continent, bringing the strength and depth of our technology roadmap to both the bank and its customers.

November 13, 2024 22:38 UTC