Rabbit Mobility has announced a $1.3 million investment round to fuel rapid growth of its micromobility platform across Egypt and other North African markets. A group of angel investors and experts in sustainable mobility also contributed to the round. “We believe in Rabbit Mobility’s innovative approach and commitment to sustainable transportation,” said Amal Dokhan, Managing Partner at 500 Global. “We are excited to support their growth and contribute to the development of the micromobility ecosystem in Africa.”Kamal told Zag that Rabbit Mobility is poised to achieve profitability by the end of the year. “In Sep 2024, Rabbit achieved a net profit/loss margin of -5%.

A green hydrogen project in the Suez Canal Economic Zone in Egypt has received a €30 million (around $32.7m) grant. The Ministry of Planning, Economic Development and International Cooperation confirmed that Norway’s Scatec and the German PtX Development Fund signed the grant. Egypt: Consortium to explore green hydrogen energy potentialThis fund is directed towards industrial projects at various stages along the green hydrogen value chain. The North African nation also launched a national strategy for green hydrogen production and is looking to become a leading green hydrogen producer and exporter. Egypt-EU seal energy deals focused on green hydrogen and ammoniaEgypt also established the National Council for Green Hydrogen to boost green investment.

Over the last few months, heavy rains have flooded every one of Chad’s 23 provinces, burst a dam in northern Nigeria, damaged ancient buildings in Niger’s desert town of Agadez, and killed more than 1,460 people in the countries on the fringes of the Sahara, according to U.N. aid agency OCHA. On one hand they were annual rains flagged up in advance with forecasts of particularly heavy downpours, raising the question, said Kadapia, why officials were not better prepared.

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This award for the CSOV Grampian Kestrel will precede the decade-long minimum charter contract the firm signed in February to provide an SOV for EnBW's He Dreiht wind farm in the German sector of the North Sea. With a total installed output of 960 MW, the development is currently one of Europe’s largest energy transition projects and will be able to supply 1.1 million households with renewable energy. From the end of next year, 64 wind turbines with an installed output of 15 MW each around 90 kilometres northwest of the island of Borkum and 110 kilometres west of Heligoland will be connected to the grid.

Sustainability-related disclosure is evolving rapidly across Africa, driven by increasing awareness of environmental, social, and governance (ESG) issues and the need for greater transparency and accountability in business practices. “The African Securities Exchanges Association (ASEA) is also behind this important agenda and is working towards harmonising sustainability reporting standards across member exchanges – promoting best practices and consistency in ESG disclosures,” said Burmeister. “Climate-related transitional risks refer to risks that companies face as a result of the transition to a lower carbon economy. “For transitional risks, clients need access to skills such as greenhouse gas quantification and transitional risk assessment,” she said. These tools will be critical in the identification of potential physical risks and inform measures required to adapt to the changes.

Entlaq, an Egypt-based entrepreneurial think tank, has partnered with Savannah, a Sudanese incubator, to support Sudanese migrants and refugees entrepreneurs in Egypt. Entlaq is committed to reshaping the country’s entrepreneurial ecosystem, while Savannah is a prominent incubator and advisory firm focused on unlocking the Sudanese startup ecosystem’s potential. The partnership aims to help migrant and refugee entrepreneurs transition their businesses into the formal economy through comprehensive support, training, and advocacy efforts. It sets the foundation for a range of interventions that will enhance the socio-economic status of Sudanese migrant and refugee entrepreneurs in Egypt. It will provide an incubation programme that includes workshops, training sessions, and mentorship programmes aimed at equipping entrepreneurs with the skills and knowledge needed to succeed.

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On the second day of the summit of the most industrialized countries of the world and Russia, the focus of the consultations are the transformation in the Arab world and support for Africa. After the changes in the Middle East and North African countries, the G8 states want to come closer as partners to support democratic change, writes Deutsche Welle. On Thursday, the G8 heads of state and government who met in Deauville also discussed atomic energy and the Internet. French President Nicolas Sarkozy said that the ministers of 30 countries will meet on July 7 in Paris to compile toughened security regulations. /Telegraph/

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to facial serum market will help companies and investors design strategic landscapes. Anti-aging serums was the largest segment with a revenue share of 32.55% in 2024. Horizon Databook has segmented the Middle East & Africa facial serum market based on anti-aging serums, skin brightening serums, acne fighting serums, hydrating face serums, exfoliating face serums, other facial serum type covering the revenue growth of each sub-segment from 2018 to 2030.

Jia Shaoqian, chairman of Hisense, said the company has set up 26 R&D centers, 36 industrial parks and production bases and 64 overseas branches across the globe. Jia said the company has established a complete industrial system, including R&D, production, sales, supply chain and services, while making forays into overseas markets, in order to better serve local markets and consumers. Hisense's revenue reached 202.2 billion yuan ($28.6 billion) in 2023, while its overseas sales stood at 85.8 billion yuan, accounting for more than 42.5 percent of the company's total revenue. "Over the past three decades, Hisense has deeply integrated with African enterprises within the continent's industrial and supply chains," Jia said. For instance, the company signed an agreement with local partners to establish a new factory in Egypt in August.

Algeria secured their place in the 2025 TotalEnergies Africa Cup of Nations (AFCON) with a narrow 1-0 win over Togo on Monday night, ensuring their fourth consecutive victory in Group E of the qualifiers. The result puts the Desert Foxes on 12 points with two games to spare, confirming their qualification for the tournament in Morocco. The victory guarantees Algeria’s seventh straight TotalEnergies CAF AFCON appearance and their 21st overall, as they aim to lift their third continental title. With the 2025 tournament set to take place in North Africa, Algeria will hope that the familiar surroundings will inspire another title run. The defeat leaves Namibia at the bottom of Group J, while Zimbabwe climbed to second place behind leaders Cameroon, keeping their qualification chances alive.

Siddharth Kelkar, Managing Director, Performance Business, AnyMind Group, and Aditya Aima, Managing Director, Growth Markets, AnyMind Group, have been given additional responsibility to co-lead the company’s India and MENA operations as Co-Managing Director, India and MENA. They will replace Rubeena Singh, who leaves AnyMind Group on October 15, 2024. Kelkar and Aima joined AnyMind Group through the acquisition of POKKT, a mobile advertising platform, in 2020, and have been with POKKT for seven and five years respectively. Before joining AnyMind Group and POKKT, Kelkar held leadership roles in SVG Media, Ozone Media and Reliance Games (Zapak). Prior to joining AnyMind Group and POKKT, Aima held leadership positions in Culture Machine Media, Astro Malaysia, Bloomberg TV and Turner Broadcasting System.

Henderson, TX (75652)TodaySome clouds this morning will give way to generally sunny skies for the afternoon. Winds light and variable..TonightClear skies. Winds NE at 10 to 20 mph.

How the video games industry is booming in NIBBC Amber Isle was created by Jordan Bradley from her flat during lockdownA childhood love of dinosaurs and a lockdown idea led Jordan Bradley to develop what she hopes will be a hit video game. One of the UK's biggest video game companies, Team17, has also come on board with it. Overall, the UK's video games industry employs around 76,000 people and is estimated to bring £6bn a year to the UK economy. The video games industry in Northern Ireland is also bigger than you might think. Kerry Michelle O'Brien said there is a growing number of careers in the gaming industry in Northern IrelandIt is companies like Jordan's that are growing the gaming industry in Northern Ireland.