African growth capital impact firm Secha Capital has launched a training programme called the Junior Operator-Investor Network (JOIN), which it says will cultivate the next generation of leaders in business management, operations and investment. Secha Capital is a black, female-founded growth capital impact firm employing an operator-investor model and investing in companies across sectors in Southern Africa that are making the tech-enabled transition into the green economy. It announced a first close of ZAR300 million (US$15.7 million) of its second fund, the target size of which is ZAR650 million (US$34 million), last September. “We are proud to launch the JOIN programme to create an arsenal of operator-investors in Africa,” said Tebogo Masekwameng, Secha Capital principal. The programme is accepting applications for its inaugural June 2024 cohort here.

Land has been secured for a 10GW capacity onshore wind farm, which is to be built in Egypt. Register with us to get a 10% discount on your Enlit Africa (21-23 May) delegate pass, using the code 3SI10DLThis will allow the three companies to conduct the necessary development studies to progress the onshore wind project. Of referenceEgypt: onshore wind farm to be built in more than $10 billion dealOnshore wind farm to save country billionsMasdar and the Egyptian government said the wind project will produce 47,790GWh of clean energy per year. “The wind farm will also help Egypt meet its strategic objective of sourcing 42% of its energy from renewables by 2030. Record year for wind energy, with Kenya, Egypt ones to watch – report

Energy has been a major area of cooperation between China and South Africa over the past years. "While contributing to reduced carbon emission, it will also significantly ease power shortage in South Africa." Allister Lightburn, a council member of Atlantis, said China and South Africa have maintained close relations ever since the times of apartheid and supported each other. Regarding the proposal by President Xi to build a community with a shared future, Lightburn said the vision is widely accepted in South Africa. "China is a very strong partner of South Africa, and the future of South Africa is going to be linked to benefits from cooperation with China," Bhula, CEO of the Redstone project, said.

The lines of financing expected from ICD would strengthen the Bank’s capacity and reinforce its intervention in the private sector, particularly for enterprises with substantial development impact in ICD and Afreximbank’s Member States. As partners of the Arab Africa Trade Bridges (AATB) Programme, Afreximbank, ITFC and ICD are committed to promoting south-to-south trade among African and Arab countries for a common goal of advancing socio-economic prosperity and building sustainable trade and development across the regions. Speaking during the signing ceremony, Prof. Oramah, President and Chairman of the Board of Directors of Afreximbank said: “I take this opportunity to thank Eng. Hani Salem Sonbol and the entire team at ITFC and ICD for the continued partnership with Afreximbank. The arrangements we have entered into today with the two institutions will go a long way in supporting Afreximbank in addressing the funding and structural challenges that stand in the way of Africa’s integration agenda.”

Canon Central and North Africa (https://www.Canon-CNA.com), a global leader in imaging solutions, is proud to announce its partnership with GITEX Africa 2024, the largest technology and startup event in Africa, happening from 29 – 31 May in Marrakech, Morocco. Marking the inaugural presence at GITEX Africa, Canon will unveil its “World Unseen” campaign through an exclusive photography exhibition. 1B-30 and World Unseen booth, located in Hall 17D-10, at GITEX Africa which is happening in the vibrant city of Marrakech, Morocco. Distributed by APO Group on behalf of Canon Central and North Africa (CCNA). Media enquiries, please contact:Canon Central and North AfricaMai Youssefe. Mai.youssef@canon-me.comAPO Group – PR AgencyRania ElRafiee. Rania.ElRafie@apo-opa.comAbout Canon Central and North Africa:Canon Central and North Africa (CCNA) (Canon-CNA.com) is a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe.

This approach has attracted the attention and trust of major industry players like Google, Microsoft, AWS, Emirates and Booking.com, among the list of over 100 partners. This initiative has helped Qashio to form more key partnerships to further strengthen the eco-system for their clients. This stands out in the industry as other similar platforms are currently dealing with inefficiencies from their loyalty programs, operating with higher costs and lower profits. According to Gartner, only 10% of B2B platforms offer loyalty programs to their customers. This content is provided on an “as is” and “as available” basis and has not been edited in any way.

00:00This is Horizon's Middle East and Africa. Bloomberg's Stewart Livingstone Wallace, who heads our Middle East, North Africa and Russia coverage, joins us now for more. Welcome back to Horizon's Middle East and Africa Asia minor Versace in Dubai. Welcome back to Horizon's Middle East and Africa. This is Horizon's Middle East and Africa, I'm sure, mind of Versace and Dubai.

European player kicks off drilling at key exploration asset in North AfricaDartois prospect is estimated to hold recoverable prospective resources of 12 billion cubic feet of gas

The Middle East is witnessing a rapid expansion in its renewable energy and clean tech sectors as several countries in the region strive for economic diversification beyond oil and gas. Solar energy is anticipated to account for more than 85 percent of this capacity growth as countries capitalize on their abundant sunlight. Together, these nations are projected to contribute approximately 90 percent of the region’s renewable energy capacity growth. The project includes plans for a clean industrial hub called Oxagon, featuring the “world’s largest green hydrogen facility” at a cost of $8.4 billion. Meanwhile, the UAE is pursuing its renewable energy goals, aiming for a renewable energy mix of 44 percent by 2030.

Kenyan startup BuuPass, a B2B2C mobility marketplace platform that digitises intercity bus and transportation operations in Africa, plans to be active in eight more markets, taking the total to 12, by 2025, after its recent acquisition of counterpart QuickBus. Bus operators lack tools to digitise, leading to inefficiencies and poor customer experience. BuuPass announced a US$1.3 million pre-seed round in February 2023, and last month acquired QuickPass, a fellow Kenyan bus ticketing venture. “We have aggressive expansion plans to enter eight new markets by 2025, with Tanzania being our next target,” said Kabra. It is currently live in more than 650 localities in Kenya and over 80 in Uganda, with plans for rapid expansion.

North Field West is a conventional gas development located in shallow water in Qatar and is operated by QatarEnergy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here. Production from North Field WestProduction from the North Field West conventional gas development project is expected to begin in 2028 and is forecast to peak in 2030, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2069. Its operations covers the entire spectrum of the oil and gas value chain, and include the exploration, drilling, production, storage and transport, refining, marketing and sale of crude oil, natural gas, natural gas liquids, liquefied natural gas (LNG), gas-to-liquids, refined products, petrochemicals and fertilizers. For more details on the North Field West Conventional Gas Field, buy the profile here.

South Korea's Taekwang Industrial Co. announced on Monday that it started to export its modacrylic, a high-quality wig material yarn.Modacrylic is a polyacrylic fiber used in synthetic wigs and flame-retardant materials.Following Japan's Kaneka, Taekwang Industrial became the world's second company to commercialize modacrylic, launching the Modabon brand in 2021 successfully.Since the beginning of this year, Taekwang Industrial has reviewed modacrylic's market growth potential and business viability.After enhancing production facilities and improving processes, the company began producing export volumes in earnest this past March. "Considering the characteristics of the wig market, we are accelerating sales by offering a variety of colors," a company source said. "We plan to gradually increase production in line with rising sales volumes, targeting the primary consumer markets of Africa and North America. "Woo-Sub Kim at duter@hankyung.com

JERUSALEM: Israel’s aggression has shifted back to parts of northern Gaza where the military said months ago the Hamas had been neutralised. And in recent days, Palestinian fighters and Israeli troops have also clashed in northern Gaza’s Jabalia refugee camp, Gaza City’s Zeitun neighbourhood and other areas. Experts said the destruction of Gaza in relentless Israeli bombardment and fighting, and the lack of an alternative Palestinian government have driven Hamas recruitment. Hamas fighters also benefit from extensive territorial knowledge, said Michael Wahid Hanna, an analyst at the International Crisis Group. It’s unclear how many Hamas fighters have been killed in the war.

A Moroccan delegation, led by Head of Government Aziz Akhannouch, is participating in the 10th World Water Forum, held May 18-25 in Bali, Indonesia, under the theme “Water for Shared Prosperity.”The Moroccan delegation participating in this Forum includes high-ranking officials from the relevant ministerial sectors, as well as institutional partners and stakeholders and experts from the water sector, according to a statement from the Ministry of Equipment and Water. Morocco’s participation in this major global event, organized every three years by the World Water Council, will be marked by the awarding of the Grand Hassan II World Water Prize during a special ceremony on May 20, at the formal opening session of this global event. Furthermore, to consolidate its outstanding position within the international water community, the Kingdom will be present in the “Exhibition Space,” which will be held on the sidelines of this global forum. The Morocco Pavilion will thus highlight the Kingdom’s experience in water resource management in the face of current and future challenges. The availability, quality, and sustainable management of water, a vital resource, are factors that affect prosperity, human well-being, and development.

Raisi’s victory in an election in 2021, after heavyweight conservative and moderate rivals were disqualified by a hardline oversight body, brought all branches of power under the control of hardliners loyal to Supreme Leader Ali Khamenei, Raisi’s 85-year-old mentor, who has the final say on all major policies. Raisi, 63, took a tough stance in now-moribund negotiations with six major powers to revive a 2015 nuclear deal, seeing a chance to win broad relief from U.S. sanctions in return for only modest curbs on Iran’s increasingly advanced nuclear programme.