Source: Xinhua| 2018-01-16 21:32:58|Editor: Zhou XinVideo Player CloseBEIRUT, Jan. 16 (Xinhua) -- Lebanon was chosen as the Middle East and North Africa regional headquarters for the China Council for the Promotion of International Trade (CCPIT), Lebanon's Foreign Ministry announced in a statement on Tuesday. Lebanon was chosen due to its strategic location, free economy and openness to investment, the statement said. "CCPIT has 30 representative offices globally and its job focuses on implementing national strategies for development, encouraging foreign trade, bilateral investment and economic and technological cooperation," the Foreign Ministry said. Founded in 1952 by the Chinese government, CCPIT also aims for consultation on trade and economic policies as well as legal issues, it added.
January 16, 2018 13:30 UTC
Zulzi: From humble starts to national app of choiceby MTHULISI SIBANDAJOHANNESBURG, (CAJ News) – THE village of Ntshuxi outside Giyani in the Limpopo Province may not be renowned as the home of tech start-ups. Four years ago, Zulzi was formed as an e-commerce company selling textbooks and electronic equipment to university students online. Among other awards, Zulzi took first place in the Best Breakthrough Developer category of the recent prestigious MTN Business App of the Year Awards, voted for by the public. Mandisa Ntloko, General Manager for Enterprise Marketing: MTN Business SA, says by introducing the People’s Choice Award, MTN Business gave the public a voice and an opportunity to be part of the adjudication process. “Through this category, MTN Business has demonstrated that it truly values the participation and feedback of the public,” Ntloko says.
January 16, 2018 09:00 UTC
Jan 16 (Reuters) - Moody‘s:* MOODY‘S: STABLE OUTLOOK FOR THE LEVANT AND NORTH AFRICA SOVEREIGNS IN 2018 AS IMPROVING GROWTH OFFSETS PERSISTENT FISCAL AND POLITICAL RISKS* MOODY‘S SAYS HIGHER GLOBAL GROWTH WILL DRIVE AN INCREASE IN LEVANT AND N. AFRICA EXPORTS, INCLUDING TOURISM, AND REMITTANCES AND INVESTMENT FLOWS IN 2018 Source text for Eikon:
January 16, 2018 08:48 UTC
More important than Stephens’ victory for herself, was her emergence as a role-model for scores of young black African women. Though South Africa is better resourced then some of the other teams in Africa, they have also had recent hiccups. South Africa won all four of their group stage games and beat Ghana in the final. Better news for the South African Women’s team is that they have smoothly transitioned from one corporate backer to another. The finalists and the winner of the usually bland third-place playoff will qualify for the 2019 Women’s World Cup in France.
January 16, 2018 08:15 UTC
The Tony Elumelu Foundation (TEF) and the Red Cross have signed a memorandum of understanding (MoU) to empower 200 entrepreneurs from Nigeria’s North East and Niger Delta regions. The partnership aims to holistically address the economic plight of communities affected by armed conflict or violence, through innovative interventions, TEF, which recently opened applications for its latest annual entrepreneurship programme, said. The beneficiaries of the additional programme will be announced alongside the successful 1,000 entrepreneurs in the fourth cycle of the TEF Entrepreneurship Programme, on March 22. Only African entrepreneurs can truly tackle the endemic poverty, huge unemployment and persistent insecurity we see across the continent today,” TEF said. So, we at the Tony Elumelu Foundation have declared war against poverty, and entrepreneurship is our primary weapon.”
January 16, 2018 07:52 UTC
Nigeria's Edo State to develop 5,500 bpd modular refineryTuesday, 16 January 2018 06:37The modular refinery is expected to solave the issue of inadequate petroleum products in Nigeria. (Image source: Rongy Benjamin/Flickr)Godwin Obaseki, the governor of Edo State in Nigeria, has signed a MoU with a Chinese consortium for the development of a 5,500 bpd modular refinery in Edo StateThe Chinese consortium that will handle the modular refinery is made up of Peiyang Chemical Equipment Company of China (PCC), Sinopec International Petroleum Service Corporation (SIPS) and African Infrastructure Partners (AIP). The governor further noted that the refinery construction aims to provide jobs for several unemployed Edo youths including the Libya returnees from the crisis-ridden North African country. Obaseki further added that the modular refinery is set to supply adequate petroleum products in the country, thus turning Edo State as a preferred source of petroleum products in Nigeria. According to This Day, the project will be executed in two phases, with the phase 1 consisting of 500 bpd demonstration refinery and phase 2 consisting of a 5,000 bpd capacity refinery.
January 16, 2018 06:33 UTC
Vutlharhi Valoyi is the founder and CEO the app which took first place in the Best Breakthrough Developer category of the recent prestigious MTN Business App of the Year Awards. Being endorsed by a big, reputable brand like MTN has helped to boost the credibility of the Zulzi app. Among the MTN Business App of the Year Awards categories was the People’s Choice Award. In addition to winning in the Best Breakthrough Developer category, Zulzi took first place in the People’s Choice category as well. Through the MTN Business App of the Year Awards, MTN is affirming its commitment to champion the app development movement and creation of homegrown solutions.
January 16, 2018 06:00 UTC
Swedish crowdfunding platform TRINE, launched in February 2015, connects people with projects in Africa, enabling individuals to invest in solar energy, and giving them the opportunity to earn a return on investment of up to six per cent. So far, TRINE solar panel projects have helped to reduce over 50,000 tonnes of carbon dioxide, and have provided more than 170,000 people with electricity. Since we registered TRINE Finance Ltd and gained full regulatory cover within the UK, we have seen a significant increase in traction. From the very beginning, we’ve received a lot of traction and attention for the product we offer and the impact we’ve achieved so far. By 2021 our goal is to have provided over 66 million people with solar energy, but our work won’t be end there.
January 16, 2018 06:00 UTC
The private equity firm plans to list the business or find a buyer during the first half of the year, the people said, asking not to be identified as the information is private. The business, which includes about a dozen hospitals and clinics in Egypt, Tunisia and Morocco, is worth as much as $500 million, the people said. No final decisions have been taken and Abraaj may opt to retain the business, they said. Private equity investors are taking advantage of a surge in demand for healthcare products and services in Africa and the Middle East, where government funding for the sector has been inadequate. Abraaj sold a stake in Cleopatra Hospital Co. in 2016 through a listing on the Egyptian stock exchange.
January 16, 2018 05:15 UTC
Baghdadi says the alliance with Symantec reinforces Ingram Micro's position in delivering best-in-class cyber security solutions to the channel. Ingram Micro Inc, a technology solutions, mobility, cloud and supply chain services VAD, has signed a distribution agreement in Morocco with Symantec, a cyber security company. "Our partnership with Symantec reinforces our leading position in delivering best-in-class cyber security solutions to channel resellers and system integrators in the region," said Ali Baghdadi, senior vice president Ingram Micro META. Fady Iskander, regional director, East Europe, Turkey and Africa at Symantec, said that: "Symantec is a channel-focused company and we are pleased to activate the partnership with our global partner Ingram Micro in Morocco. Working with Ingram Micro Morocco, we have the ability to significantly expand our reach, better support our resellers and offer world class enterprise security solutions to the customers."
January 16, 2018 04:30 UTC
Looking forward, Bloomberg New Energy Finance reports, "Egypt plans to generate 20 percent of its electricity from renewables by 2022. "3"We're thrilled that Sterling and Wilson chose NEXTracker to supply our trackers for what's predicted to be the largest solar facility in the world," said Dan Shugar, founder and CEO at NEXTracker. NEXTracker's award-winning smart solar tracker, NX Horizon, holds the #1 tracker market share leadership position worldwide with over 11 gigawatts of systems sold. As the #1 tracker supplier worldwide with over 11 GW of trackers sold, NEXTracker is globally recognized for delivering advanced and reliable PV solutions for hundreds of projects across five continents. Solar Power World, February 23, 2016.https://www.solarpowerworldonline.com/2016/02/what-is-ul-3703/View original content with multimedia:http://www.prnewswire.com/news-releases/nextracker-delivers-smart-tracker-technology-to-worlds-largest-planned-solar-power-plant-in-north-africa-300582873.htmlSOURCE NEXTrackerRelated Linkshttp://www.nextracker.com/
January 16, 2018 03:00 UTC
Abu Dhabi’s renewable energy company Masdar announced on Sunday that it has completed a landmark off-grid solar power project, supplying energy to 19,438 households in more than 1,000 rural villages in Morocco. The Morocco Solar Home System (SHS) project, carried out in partnership between Masdar and Morocco’s Office National d’Eau et d’Electricité (ONEE), was launched in 2015. Morocco plans to bring the share of renewable energy in overall electricity production to 42% by 2020 and 52% by 2030. It has earmarked a global $30 billion budget to that effect, of which $2.3 billion will be used to boost the use of solar energy in farming. The UAE Energy Plan 2050 aims to grow the proportion of clean energy to 50 per cent.
January 15, 2018 13:07 UTC
The private equity firm plans to list the business or find a buyer during the first half of the year, the people said, asking not to be identified as the information is private. The business, which includes about a dozen hospitals and clinics in Egypt, Tunisia and Morocco, is worth as much as $500 million, the people said. No final decisions have been taken and Abraaj may opt to retain the business, they said.
January 15, 2018 12:33 UTC
World Oil hovers below $70 highs, clouded by rise in US outputA Tullow Oil exploration rig in Turkana. International benchmark Brent crude futures LCOc1 were trading 18 cents lower at $69.69 by 1004 GMT, having risen above $70 earlier in the session. Bank of America Merrill Lynch on Monday raised its 2018 Brent price forecast to $64 a barrel from $56, forecasting a deficit of 430,000 barrels per day (bpd) in oil production compared to demand this year. US energy companies added 10 oil rigs in the week to Jan. 12, taking the number to 752, energy service firm Baker Hughes said on Friday. In Canada, energy firms almost doubled the number of rigs drilling for oil last week to 185, the highest level in 10 months.
January 15, 2018 12:11 UTC
The contrast reflects the security gap in the Maghreb between oil-rich but insecure Algeria and Morocco’s safe environment conducive for tourism and business. The US State department also lauded the efforts undertaken by Moroccan authorities in the fight against terrorism and through pre-emptive actions against terrorist groups. As for Algeria, the US State Department urges travelers to “exercise increased caution when traveling in Algeria due to terrorism. Some areas have increased risk.”The US Travel Advisory even recommends tourists not to travel to “areas near the eastern and southern borders” and “areas in the Sahara Desert due to terrorism.”“Terrorist groups continue plotting possible attacks in Algeria. Most attacks take place in rural areas, but attacks are possible in urban areas despite a heavy and active police presence,” the US State Department said.
January 15, 2018 11:03 UTC