Analysts at Berenberg raised their target price on drugmaker Hikma Pharmaceuticals from 1,960.0p to 2,000.0p on Tuesday, citing more stability in its generics unit. Berenberg said Hikma had "a solid finish to 2023" across all three of its divisions, with guidance roughly 300bp ahead of consensus group revenue estimates, mainly due to its generics division, and in line with estimates for operating income. Berenberg also highlighted that in the Middle East and North Africa, Hikma was growing ahead of the market, and was now the second-largest branded pharmaceutical company by revenue, after Sanofi. "We adjusted our estimates to reflect slightly better generics earnings and our price target moves up to £20. Hikma's shares are up 14% year to date and trading on c8.5x 2024 EV/EBITDA (a slight premium to peers), with an improved outlook and guidance looking to be priced in for now," said Berenberg.

Italy’s highest court has ruled that the country’s vessels cannot return rescued refugees to the North African country, widening the gap between the courts and parliament. Tunis, Tunisia – News that an Italian court had blocked the country’s vessels from returning refugees and migrants to Libya was welcomed by the tens of refugees and migrants camped in a crowded passage outside the International Organization for Migration (IOM) in Tunis. Armed gangs and militias have governed much of Libya since it emerged from the 2011 revolution that overthrew long-term dictator Muammar Gaddafi. “The Italian coastguard and government have long known that returning migrants to Libya would be unlawful, because of the conditions there. Rule by militiaAccording to a spokesperson for the IOM, there are 3,500 refugees being held in the official detention centres across western and eastern Libya.

Applications are open for Growth4Her, a six-month Investor Readiness Accelerator Programme open to women in West and Central Africa. G4Her seeks to bridge the gender financing gap in Africa by providing women entrepreneurs with the capacity and tools which enables them to transition from small to high potential fundable growth stage businesses. Applications are now open here until March 4 for cohort three, which is seeking women owned and run businesses in Nigeria and Cameroon with between five and 300 employees, sales of between US$35,000 and US$15 million, and assets of between US$100,000 and US$15 million.

However, AI in newsrooms has ushered in a paradigm shift, enabling faster content creation while maintaining, and often enhancing, accuracy. Trained on extensive datasets, these AI models generate content that is not only relevant but also factually accurate. Enhancing Content Accuracy with AIAI’s impact on content accuracy is evident in its ability to analyze and cross-reference information from multiple sources in real-time, crucial in combating misinformation. With each article generated, AI models refine their understanding of factual accuracy, leading to enhanced content quality over time. In conclusion, AI has a profound impact on content accuracy, empowering the news industry to meet the demands of the digital era.

Last month, the long-simmering feud between the Philippines’ two most powerful political families reached a boiling point. Even by his own standards, former President Rodrigo Duterte seemed particularly unhinged, calling his successor, President Ferdinand Marcos Jr., “a drug addict” during a public rally in his home city of Davao in southern Philippines. As if that weren’t enough, Duterte also warned of a popular revolt and even flirted with the idea of spearheading the secession of the southern island of Mindanao from the Philippines. Meanwhile, Duterte’s son, Sebastian, the current mayor of Davao, called on Marcos to “resign” from office. The usually urbane and soft-spoken Marcos struck back by openly accusing Duterte himself of drug abuse.

King Mohammed VI’s Initiative offering Atlantic Ocean access to Sahel countries embodies a comprehensive approach to tackling the challenges facing African landlocked countries, says the London-based Institute for Free Trade (IFT) in a report released Monday. The Moroccan initiative comes to help these African countries address the economic and development challenges by channelling investments that generate lasting, shared wealth. Morocco provides training to hundreds of imams from Sahel countries for better religious understanding and cooperation. According to IFT, the North African Kingdom can also serve a connector between the Trans Africa Network and the UK, EU and US. Furthermore, Moroccan Sahel initiative offers huge opportunities for UK-Morocco collaboration to diversify and enhance global supply chains.

Lenovo has unveiled its next-generation Integrated Edge AI Solutions for Telco, aimed at enabling enterprises to leverage vast amounts of data at the far edge for transformative AI applications while reducing energy consumption. These innovations are part of Lenovo’s comprehensive pocket-to-cloud portfolio of hybrid AI solutions, designed to simplify the journey to intelligent transformation across all industries. Lenovo’s lineup of new Integrated Edge AI Solutions for Telco, showcased at MWC in Barcelona alongside its ecosystem of partners, includes:– A multi-cloud edge computing architecture with Telefonica addressing mission-critical applications for smart cities. Lenovo’s complete portfolio of edge servers, AI-ready storage, and solutions is backed by the new Lenovo AI Professional Services Practice, offering fast-track AI implementation and data management for high-performance workloads. Additionally, the Lenovo AI Innovators Program facilitates access to enterprise AI through partnerships with over 50 leading software providers.

The panelists explored the arising opportunities for investors and project developers in wheeling and renewable energy projects, among others. Weak credit holding up the renewable energy sectorMontmasson-Clair said leveraging this market will require local industries to be more competitive. InsightAfrica’s energy opportunity means it can leap ahead of ‘old-think’Government lacks the balance sheet to grow renewable energy sectorFrank Spencer, Regional Director, Cainmani, SA, said the private sector has saved South Africa from worse bouts of loadshedding. And while there had been an increase in renewable energy projects, there has been unregulated practices, specifically in the residential market. Spencer said that in the next 20 years “we will have to build 20GW of renewable energy infrastructure” to ensure a stable electricity supply.

The Uganda Microfinance Regulatory Authority (UMRA), has protested the move by government to move it into the Ministry of Finance saying that its objectives and functions will not be effectively carried out within the hierarchy of the Ministry. “Globally, regulators who are able to set rules independently are more likely to be motivated to enforce them,” she added. Patrick Ocan, (UPC, Apac Municipality) queried the manner in which the rationalisation Bill was brought and accused government of not doing enough research before presenting the Bill. The Committee Chairperson, Hon. Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

As he prepares for a second term, the civilian façade of the Algerian military regime Abdelmedjid Tebboune continues to re-inaugurate projects launched by his predecessor as he has made no tangible achievements. He then re-oepened a border post with Mauritania that was inaugurated for the third time, since NourDine Bedoui opened it in 2018 in Bouteflika’s era. Diplomatically, Algeria has deepened its isolation losing both the Russian and the Western camps and stoking tensions with almost all neighbors. To further stoke conspiracy theories, the Algerian regime is conducting military drills simulating a short and limited war with Morocco. If this happens, it could offer a chance for the Algerian regime to declare an emergency and maintain Tebboune in power sine die, according to a report by Maghreb Intelligence news website.

France is a privileged partner of Morocco on the political, economic, and human levels, he noted. Bilateral relations are currently in a “renewal and development phase in terms of content, approaches, and actors to align with the changes on the international scene and the developments in both countries,” he added. Bourita also mentioned that discussions with Séjourné provided an opportunity to discuss bilateral relations in anticipation of upcoming milestones between the two countries. Bourita also indicated that he discussed with his French counterpart ways to strengthen joint action in Africa and the Sahel region. Prior his visit to Rabat, Séjourné told French Ouest-France daily he will invest in improving ties with Morocco.

However, with abundant solar and wind potential, North Africa is well-positioned to lead the way in renewables-based climate resilience. As the largest energy market in Africa, North Africa, excluding Sudan, stands out with notable socio-economic development, industrialization, and access to modern energy. This unique combination, coupled with the region’s vast renewables potential, positions North Africa as a potential leader in the global energy transition. In contrast to the global trend where private sector financing dominates renewables development funding, North Africa relies heavily on public finance. North Africa stands at the crossroads of a renewables revolution, ready to harness its potential for climate resilience and sustainable development.

The Israeli military did not immediately comment, saying it was checking the details of the incident. Show more “The Israeli military forced patients and staff out of ambulances and stripped all paramedics of their clothes,” Laerke said. Risk of 'genocide' is increasing in northern Gaza, Oxfam says The risk of genocide in northern Gaza is increasing amid fears of famine in the region, Oxfam warned in a statement yesterday. Oxfam added that some 300,000 people in northern Gaza could see the worst outcomes. Scenes from war-torn Beit Lahia in northern Gaza Images show Palestinian children waiting to receive food yesterday from an aid distribution team in Beit Lahia in northern Gaza.

In response to the evolving demands of both the domestic and international markets, Platinum Industries is embarking on an ambitious global expansion plan. : Our financial performance from FY20-23 is a testament to Platinum Industries’ strategic foresight and operational excellence.To sustain and build upon these numbers, we are adopting a multi-faceted strategy. : A significant portion of the IPO proceeds is designated for the capital expenditure requirements of establishing a state-of-the-art manufacturing facility for PVC Stabilizers in Palghar, Maharashtra. Egypt stands out as one of the largest consumers of PVC stabilizers in the African continent, yet it lacks local manufacturers for these critical components. Ultimately, Platinum Industries seeks to not just respond to the market but to shape its future, creating value for our customers, stakeholders, and the planet.

It does that mean that really they really really all that close or did someone in that conversation that initial conversation say probably Monday and then needs to repeat it as fact. That's Stuart Livingstone was executive editor for Middle East and North Africa here in Dubai. So I think that's going to put a cap on wage growth very soon. So so that's that's the story of being hawkish at this point in time. So I think that's the structural reason why we see a more and more concentration on the top end.