Somaliland declared independence from Somalia in 1991, but no country has recognized its sovereignty in the decades since. Tensions between Somaliland and Somalia have grown in recent years as the breakaway region pursues its own investment deals and asserts its sovereignty claims. Somaliland is part of Somalia and the larger Horn of Africa region. Somaliland broke ties with Somalia’s government in Mogadishu after declaring independence in 1991, and has sought international recognition as an independent state since then. If it were to gain independence, Somaliland would become the eighteenth-poorest country [PDF] today.

February 24, 2024 12:06 UTC

The company has a robust pipeline with pending FDA approvals and is optimistic about its compounding business. In summary, Hikma Pharmaceuticals has delivered a strong financial performance in 2023 and is positioning itself for continued growth in 2024. So as far as the compounding, the FDA estimates the compounding business is between $2 billion to $3 billion. And this is where you have more clarity on the performance of the injectable and the performance of the compounding business. The plans is to get it separated into others and then you will be able to see the performance of the compounding business going forward.

February 24, 2024 11:50 UTC

Feb 24 (Reuters) – Ukrainian drones hit a major Russian steel factory overnight, causing a large fire, a Kyiv source said on Saturday, the second anniversary of Russia’s full-scale invasion of Ukraine. The governor of Russia’s Lipetsk region identified the plant as one in the city of Lipetsk, some 400 km (250 miles) north of the Ukrainian border, that is responsible for about 18% of Russian steel output.

February 24, 2024 11:34 UTC

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February 24, 2024 11:28 UTC

She is the founder of Espréssate, a coffee company she started in honor of her late father. According to the Durham, North Carolina entrepreneur, her biggest success so far has been finding the courage to resign from her day job to focus on her coffee business. “Finding the strength and courage to finally resign from my day job and put everything I’ve got into my business,” she told The Story Exchange. Before resigning from her day job to focus on her business, she had to strike a balance between her career and the new company she was starting. “Before leaving my day job, it was really difficult to balance my career with my business.

February 24, 2024 11:23 UTC





If you want to be featured in this section, get in touch via editor “at” africaglobalfunds.comBy S&P GlobalJanuary started how December ended for much of Africa, with North Africa setting the pace and West Africa going through a difficult time (S&P North Africa 15 up 8.27%; S&P West Africa 25 down 9.78%), and the continent overall delivering a marginally positive return. The other markets performances were within touching distance of zero, other than Nigeria (down 18.79%)Unfortunately, the South African equity market didn’t get off to a good start in 2024, with large-caps contributing to a poor month overall (S&P South Africa Composite Capped down 3.05%; S&P South Africa 50 down 3.59%). Information Technology, the best performing sector in 2023 (S&P South Africa Composite Information Technology up 41.31% 2023), made a solid start to the year and although it returned a modest 2.21% for January, it was the top sector for the month. January saw this poor performance continuing (S&P South Africa Composite Communications down 14.83%) taking its one-year loss to over 31%. Quality was one of the better factors in 2023 after a strong final quarter (S&P Quality South Africa +15.66% 2023; up 14.76% Q3 2023) however, it was the biggest loser for January with a negative return of 6%.

February 24, 2024 09:46 UTC

God used the Atlantic slave trade to free some African slaves from another kind of slavery. It nearly equals the Atlantic slave trade in scope but far surpasses its brutality. The North African slaveowners castrated their slaves, which resulted in the deaths of most of their millions of male slaves. In Ghana, where I was born, every person was a slave to sin before the Atlantic slave trade. They sold Africans to make them slaves of white men, but God purchased them with the blood of Jesus to make them slaves of Christ (1 Corinthians 7:22).

February 24, 2024 09:34 UTC

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February 24, 2024 07:49 UTC

Oslo-based ocean and air freight rate benchmarking platform Xeneta has appointed Fabio Brocca as its first chief product officer. That is the task facing Fabio Brocca,” reads a release from Xeneta. Brocca said, “The Xeneta platform is already providing tremendous value to customers, which is a great position to be in as a product leader. The long-term journey for the Xeneta platform is about insights and further personalization of the experience for customers. “Fabio has an extremely relevant background having worked within the shipping and freight industry at MSC while also having been a product leader in a global, market-leading logistics company like Amazon.

February 24, 2024 04:25 UTC

North Korea has been accused of supplying Russia with missiles and ammunition for the war in Ukraine. Today on the Big Take podcast, what a deal like that could mean for the isolated North Korean economy and its leader Kim Jong Un.

February 24, 2024 03:20 UTC

FILE PHOTO: A view shows oil processing facilities of an PCK oil refinery in Schwedt, Germany October 1, 2022. A sustained rise in crude prices would lift energy, transportation and manufacturing costs and threaten to unwind some of the recent falls in global inflation, just as major central banks are expected to begin cutting interest rates. On Thursday, the benchmark Brent crude futures market structure hit its most bullish since October. "The physical sweet crude market is very tight," said Black Gold Investors CEO Gary Ross, using a term for low-sulphur crude. "The offers for West Africa and North Sea crude reflect that."

February 23, 2024 22:35 UTC

The U.S. senior official for North Korea, Jung Pak, and her Chinese counterpart, Liu Xiaoming, also addressed North Korea’s “increasingly destabilizing and escalatory behavior,” the department said in a statement. It said the growing military cooperation between Russia and North Korea was “in violation of numerous UN Security Council resolutions.”

February 23, 2024 20:34 UTC

DUBLIN--(BUSINESS WIRE)--The "AI in Oil and Gas Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering. The report provides an in-depth analysis of the artificial intelligence (AI) impact on the oil and gas industry. This comprehensive market report unveils that the global AI in oil and gas market is expected to surge to an impressive $5.96 billion by 2028, growing at a compound annual growth rate (CAGR) of 13.3%. It examines a wide gamut of AI applications across various sectors of the industry, including predictive maintenance, production optimization, and safety management. Enabling Industrial ProgressThe AI in oil and gas market represents not just a technological revolution but a requisite shift towards sustainable, efficient, and safer energy practices worldwide.

February 23, 2024 19:34 UTC

Public Management(Ecofin Agency) - The International Finance Corporation (IFC), the World Bank’s private sector arm, plans to invest $1 billion in Egypt in 2024. Cheick-Oumar Sylla, the IFC's Regional Director for North Africa and the Horn of Africa highlighted the organization's commitment to supporting the growth of Egyptian businesses. The investment will include providing loans to Egyptian companies and offering credit lines to local banks that are focused on financing SMEs. This strategy aims to stimulate economic development and create jobs by empowering smaller companies, which are often the backbone of emerging economies. The IFC's total investment portfolio in Egypt amounts to around $8 billion, spanning various sectors including healthcare, renewable energy, pharmaceuticals, infrastructure, and ICTs

February 23, 2024 19:18 UTC

While e-mobility has the potential to transform cities across Africa, governments must set the tone with clear policies for the sector. E-mobility sector needs policy direction certaintyThis means policy direction that provides confidence for manufacturers, operators, financiers via stimulus packages and incentives, said Madikizela. “Manufacturers need policy certainty so they can adjust… financiers want policy certainty and the right type of incentives for the sector,” she said. Government must set the tone for the e-mobility transition to engender confidence in e-mobility technology, said Madikizela. “To encourage the production of electric vehicles in South Africa, government will introduce an investment allowance for new investments, beginning 1 March 2026.

February 23, 2024 17:46 UTC