The Carbon Trust and Council for Scientific and Industrial Research (CSIR) have announced a joint project to explore South Africa’s offshore wind energy potential. The World Bank has previously said that its research showed that South Africa could generate up to 901GW from offshore wind. The report said that a typical 1GW offshore wind project in a new market is expected to have a capital cost of roughly $ 2.9bn. Windaba: SAREM has so much more potential than other masterplansPanelists at Windaba emphasised the importance of wind energy projects close to potential feeder markets or where green hydrogen projects are being planned. The rationale is that the offshore wind energy projects could provide the green hydrogen sector with a stable and clean energy supply.

ShareFunding Overview: Q3 Witnesses the Year’s Most Modest FundingIn September 2023, 22 African tech startups secured $116.7 million in funding over 22 fully disclosed rounds. To put it in perspective, startups in Africa garnered $383.4 million in September 2022. In recent transactions this month:Wetility, an energy startup from South Africa, secured a combined debt and equity financing of $48 million. Lastly, Rentoza, a retail startup from South Africa, achieved a $6 million funding milestone. In September, the Kenyan-based venture capital firm Enza Capital secured $58 million to back startups throughout Africa.

The tragedy that befell the eastern Libyan city of Derna shocked the world. Heavy rain broke the city’s dams and a flash flood deluged the town in the early hours of 11 September, resulting in an estimated 20,000 deaths. It is too early to draw a firm conclusion as to what provoked the dams’ collapse — whether neglect due to years of civil war and political chaos compounded a natural calamity. In this webinar, Crisis Group analyst Claudia Gazzini and CNN international correspondent Jomana Karadsheh Scott, who visited Derna in the immediate aftermath, offer some preliminary considerations on what happened that tragic night, what they witnessed and what could have been done to prevent this tragedy. Moderator: Christina Boutros, Senior Communications and Advocacy Officer, Middle East and North Africa

Egyptian deeptech startup Intella has closed a US$3.4 million pre-Series A funding round to fuel its expansion into the Saudi market and support the development of end-to-end AI models localised for the MENA region. Founded in 2021 by Nour Altaher and Omar Mansour, Intella offers real-time, on-demand market research for its business clients across diverse sectors. The startup raised a US$1 million seed round last year, led by Hala Ventures, and the same investor has now returned to co-lead its US$3.4 million pre-Series A alongside Wa’ed Ventures, the VC arm of Aramco. The new funding will fuel Intella’s expansion into the Saudi market and support the development of end-to-end AI models localised for the MENA region. This move fits perfectly with our plans for expansion,” said Nour Taher, CEO and co-founder of Intella.

Pedzi Manase, a backyard hens and eggs farmer in the Gauteng township of Duduza, is conflicted about the bird flu outbreak ravaging South Africa’s poultry sector. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Subscribe Now cancel anytime Already a a subscriber Sign In

Attracting local investors is crucial to the sustainability of a country’s local venture capital ecosystem, but encouraging institutions to overcome entrenched attitudes towards risk can be a challenge. “The venture capital funds that aren’t linked to an existing large corporate, these standalone venture capital funds, are terribly underfunded. “If we look at just what it costs to run a venture capital fund, you need at least ZAR500 million (US$27 million), ideally ZAR750 million (US$40 million) in funds under management to make it a sustainable business as a venture capital fund. I think there is a lack of understanding about what the true risks of venture capital are, and the tools and processes that we as venture capital investors put in place to reduce those risks. Traditional markets and big institutions are going to struggle to find returns, and so they’re going to have to look at alternatives like venture capital to get those returns.

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Report HighlightsHow big is the North Africa ceramic tiles market? The North Africa ceramic tiles market size reached US$ 2.8 Billion in 2022. The North Africa ceramic tiles market is experiencing significant growth, driven by several key drivers and trends. Another significant trend in the North Africa ceramic tiles market is the increasing focus on sustainability and eco-friendly practices. Furthermore, technological advancements and innovations are driving the growth of the ceramic tiles market in North Africa.

The children of four jailed Tunisian opposition figures have called on the International Criminal Court (ICC) to investigate claims of political persecution and the deteriorating human rights situation in the North African country. On Wednesday, 60 activists went on a one-day hunger strike to protest “arbitrary arrests and unfair trials” of the president’s opponents. On Friday, Ghannouchi, 84, began a three-day hunger strike to protest his detention and show support for other “political prisoners”. “He went on a hunger strike because he had no other option. The international human rights group Amnesty International accused Saied of stifling political opposition and taking steps that repress free expression.

Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular to the slowdown in the region’s main economies, according to the World Bank’s latest growth forecast for sub-Saharan Africa published on Wednesday (4 October). The Washington-based global lender projects Nigeria’s economy to grow by 2.9%, while Angola’s will reach 1.3% and South Africa just 0.5%. But the fact that its GDP per capita has not grown since 2015 presents an even bigger problem for the region, the World Bank’s report says. However, there is optimism for a rebound with a projected growth of 3.7% in the following year and an even more promising 4.1% in 2025.

Paystack, a Nigerian fintech startup founded by Shola Akinlade and Ezra Olubi, has been making significant strides in the African market since its establishment in 2015. As the first Nigerian startup invited to join the Y Combinator accelerator program, Paystack has expanded its reach, serving over 60,000 businesses across Africa and processing billions of dollars in transactions annually. In 2020, Paystack made headlines when it was acquired by Stripe, the Irish-American financial services company powering online payments for some of the world’s largest firms. This deal, reportedly valued at over $200 million, stands as the most substantial acquisition of an African startup and represents a pivotal moment for the continent’s tech ecosystem.

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RABAT, Oct 5 (Reuters) - Moroccans welcomed on Thursday the announcement that their country would co-host the 2030 World Cup alongside Spain and Portugal, after years of failed attempts. After five failed attempts to become World Cup hosts, the announcement that Morocco will share the honours will lift spirits in the north African country, a month after a devastating earthquake that killed nearly 3,000 people. Morocco became the first Arabic-speaking country to reach the quarter-finals of the World Cup in Qatar in 2022. The decision comes days after Morocco was also chosen to host the 2025 African Cup of Nations after several other bids dropped out. "It is an honour for us to host the World Cup in Africa again... it will help develop African football," said Boris Yameogo, a student from Burkina Faso living in Rabat.

Outokumpu Oyj : Kemi mine to become the first carbon-neutral mine in the world by 2025 – almost a third of the target to ...October 06, 2023 at 01:38 am EDT

Headquartered in Dubai, Cedar White Bradley (known as CWB) is a professional services firm specialised in intellectual property services. That ambition kicked off in February through the merger with Petosevic, with Pretoria-based Hahn & Hahn now added to the group. Now with the addition of Hahn & Hahn, CWB welcomes around 20 staff in South Africa. Seller Hahn & Hahn was advised by commercial law firm KEBD (based in Gauteng). “We are extremely excited about our partnership with CWB,” said Victor Williams, Director at Hahn & Hahn.