Dublin, Oct. 14, 2024 (GLOBE NEWSWIRE) -- The "Egypt Commercial Data Center Market" report has been added to ResearchAndMarkets.com's offering. While the country is facing considerable macro-economic headwinds, the colocation market is highly undersupplied. At the onset of the cloud era, only KSA and UAE will add more commercial colocation capacity in the MENA region over the forecast periodEgypt is facing considerable macro headwinds. This is a highly undersupplied market. For more information about this report visit https://www.researchandmarkets.com/r/6wxbquAbout ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data.

Algeria plans to spend $5.4 billion boosting what are already Africa’s largest desalination facilities, as climate change piles pressure on the OPEC member’s water supplies. It’s a process already favored by wealthy states on the Arabian peninsula, where almost all drinking water comes from the sea and one of the world’s largest plants is found at Jebel Ali in Dubai. Africa’s biggest country by area, Algeria now targets getting 60% of its drinking water from desalination by the turn of the decade, compared with 42% currently. That’ll culminate in total capacity of some 5.8 million cubic meters by 2030. AEC will charge the state distributor Algérienne Des Eaux 52-100 dinars ($0.39-0.76) per cubic meter for the water, Zennadi said.

Headlines: Northern Lights, floods and sea rescueTewkesbury Abbey Nick Duff-Davies Tewkesbury Abbey was lit up by the Northern Lights on Thursday nightA stunning display of the Northern Lights made headlines across the West this week. Both Bristol Live and Gloucestershire Live reported on widespread flooding on the M5. Several Bristol residents commented on Facebook that flooding in the city was made worse by blocked drains. Digital reporter Antonio Scancariello quoted North Somerset Councillor Mark Canniford, who said: "This is a red letter day for Weston-super-Mare. Finally, another stunning picture of the Northern Lights; this one of the Clifton Suspension Bridge was taken by local photographer Andrew Cleaver.

A global climate solutions company and the Kenya Private Sector Association (KEPSA) have signed a partnership agreement to increase the accessibility and mobilisation of catalytic carbon and climate finance. Climate financing: 6 key challenges facing AfricaAccessing carbon, climate financeKenya’s government has committed to a 32% reduction in carbon emissions by 2030, demonstrated by the introduction of the Kenya Climate Change Act Amendment in September 2023 and Climate Change Carbon Markets Regulations in 2024. Developing an effective carbon finance strategy to support the large-scale mobilisation of this alternative finance source for KEPSA’s members. Carbon finance as a catalyst for NDCsFernandez said from a macro perspective, the potential for carbon finance to enable African countries to deliver on its Nationally Determined Contributions (NDCs) is huge. “Carbon finance presents a more cost effective, more accessible alternative.

First published: 14-Oct-2024 13:38:55Abu Dhabi, UAE: EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division has successfully completed an accelerated book build (ABB) on behalf of Helmerich & Payne, Inc. (H&P). This transaction involved the full divestment of H&P’s stake in ADNOC Drilling, valued at approximately USD 197 million. EFG Hermes acted as Joint Global Coordinator for the ABB, facilitating H&P’s exit from ADNOC Drilling, a stake it had initially acquired as a cornerstone investor during ADNOC Drilling’s initial public offering (IPO). Commenting on the transaction, Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: “We are proud to have successfully supported Helmerich & Payne in this important transaction. This transaction demonstrates EFG Hermes’ deep understanding of regional capital markets and highlights our extensive distribution capabilities.”This transaction marks EFG Hermes’ fifth follow-on offering in the GCC this year and its third transaction on the Abu Dhabi Securities Exchange (ADX), including its role in the IPO of ALEF Education.

A series of panels at the event delved into the continent’s respective clean-energy industries, as part of the AOW Clean Energy Future Forum. Delegates heard how the narrative around Africa’s energy future is no longer one of scarcity, as a mosaic of established and emerging players now contribute to the continent’s rapidly evolving energy mix. Potential to transform economiesOverall, the panel painted an optimistic picture of the future of renewable energy in South Africa. “It’s not a question of renewables versus the fossil fuels, or us against the utilities,” said Zayd Vawda, principal associate and renewable energy leader of WSP. Renewable energy promises to be able to do that.”Image credit: [trustieee]©123RF.comNow watch

Kenyan startup BuuPass, a leader in digital ticketing and transportation management solutions, has announced the expansion of its Bus Management System (BMS) to new operators, further enhancing transparency and operational efficiency for bus companies. The BuuPass BMS is designed to address the most pressing challenges faced by bus operators. To ensure smooth integration, BuuPass provides these operators with scanning devices, computers, and digital printers, along with comprehensive training for their staff on system usage. “What we are witnessing is nothing short of a digital renaissance in bus operations. Our Bus Management Service isn’t just a tool—it’s the future of this industry,” said Kabra.

This signals the commitment within the telecoms industry towards reaching net zero by 2050 at the latest. There are now four million pieces of equipment registered in the GSMA Equipment Marketplace that can be reused by other operators, with 350,000 pieces of equipment already sold over the past year. The GSMA estimates that manufacturing network equipment and constructing network sites and mobile masts account for 30 million tonnes of carbon dioxide equivalent per year; the GSMA Equipment Marketplace can help to reduce these figures by extending the life of network equipment through reuse and recycling. In addition to the GSMA Equipment Marketplace, the GSMA announced two circularity targets last year focused on extending the life of mobile phones. This does not mean they no longer have value; the GSMA Equipment Marketplace is a win-win-win, allowing us to extend solution lifecycles, maximise resource efficiency, and minimise our environmental impact.

Investors attracted to region’s burgeoning IPO market, finds new surveyAs the UAE solidifies its position as a leading global financial hub, its capital markets are thriving like never before. The UAE’s capital markets have gained nearly $5.79 bn in capitalization this year, thanks to successful IPOs from companies like Spinneys, NMDC Energy and Parkin. According to Edelman Smithfield’s 2024 UAE Investor Pulse Survey, 84 percent of investors express keen interest in future IPOs. The road aheadLooking toward the rest of 2024 and beyond, the UAE’s IPO market shows no signs of slowing down. As these trends unfold, MEIRA’s Annual Conference later this year will offer deeper insights into the future of the region’s capital markets.

Hosted by the Dubai Chamber of Digital Economy and organised by Dubai World Trade Centre (DWTC), Expand North Star takes place from 13-16 October at the Middle East’s biggest superyacht club. Already the annual go-to showcase for startups, investors, accelerators, and tech enthusiasts to source funding, investment deals, and essential industry updates, Expand North Star 2024 is primed to be the most prominent, dynamic, and influential in its nine-year history.

They are co-directors of the Oued Beht Archaeological Project in Morocco. Located in northern Morocco, between the coast and the Middle Atlas Mountains, Oued Beht occupies a unique position that favours both agriculture and trade. Its varied terrain, with river valleys intersecting rolling hills and plains, offers fertile ground ideal for early agricultural activities. Oued Beht yielded domesticated plant and animal remains, pottery – including painted types – polished axes and chipped stone. The Oued Beht Archaeological Project’s recent “re-discovery” of Oued Beht emerged from a collaborative, multidisciplinary approach.

Latitude59, Estonia’s flagship startup and tech event, is seeking early-stage startups from across Africa to compete for a prize pool of non-equity funding. African startups are invited to apply for the Latitude59 pitch competition, which will take place at next year’s edition of the event. Selected finalists will pitch at a Latitude59 Kenya edition conference in Nairobi on November 28, with one African startup receiving an invitation to participate in the main event. For two years in a row, the prize pool for the Latitude59 pitch competition has been EUR1 million (US$1.1 million). So now we are back in Kenya for the second year in a row and invite founders all across Africa to apply and present their startups at the Latitude59 pitch competition in Kenya,” said Latitude59’s CEO Liisi Org.

The role of nuclear energy alongside other clean energy sources, to achieve a net-zero emissions future, remains a contentious issue. Nuclear energy produces about 10% of the world’s electricity, according to the International Energy Agency (IEA). Embracing nuclear energy in a clean energy landscapeCurrently, however, the main hurdle is making fusion produce more energy than it consumes. Small modular reactors (SMRs)Small modular reactors (SMRs) are another promising area of advanced nuclear energy. Of interestNuclear waste is more valuable than gold: Part oneWasteNew technology may also help tackle the problem of nuclear waste.

Endeavor South Africa has announced the first close of its ZAR500 million (US$28.8 million) Harvest Fund III, securing ZAR190 million (US$11 million) as it aims to catalyse growth in high-potential tech-related companies across the African continent. Endeavor South Africa, which opened its offices in 2004, offers access to mentorship, a global network, and capital, via introductions to investors in its global network, the Endeavor Global Catalyst Fund, and its own Harvest Fund. The third edition of the Harvest Fund has just made a first close of ZAR190 million to its ZAR500 million target. The first close coincides with the final investment of the highly successful ZAR190 million Harvest Fund II, which made 19 investments in 17 companies. We engage with them continuously and will assess their capital needs to guide the fund’s investments,” said Endeavor South Africa managing director Alison Collier.

If your South African business is considering a renewable energy project, now is the ideal time to act before the 12B tax savings benefit falls away. What is the 12B tax benefit? The 12B tax incentive allows businesses to deduct 125% of their capital investment in solar energy from their taxable income. Don’t wait – act nowWith the 12B tax benefit set to expire soon, the window to act is rapidly closing. Contact RenEnergy today to explore how solar energy can benefit your business and lock in these significant tax savings.