Cleantech Entrepreneurship Bootcamp For Startups In Europe, Middle East, North Africa & BeyondMarch 13th, 2018 by Andrea BertoliThe Cleantech Entrepreneurship Bootcamp is the first of its kind in the region, bringing together academics, established entrepreneurs, and investors who work in the cleantech field, and connecting them with researchers, corporates, and startups from Europe, Middle East, North Africa and beyond. The Cleantech Entrepreneurship Bootcamp will be hosted in Cyprus from the 19th to the 26th of May 2018 at the Bank of Cyprus Cultural Foundation in Nicosia. This 7-day event is an incredible opportunity to connect and network with some of the brightest minds in the industry and gain direct access to cleantech investors. Participants will learn through a methodology patterned after the Martin Trust Center for MIT Entrepreneurship and will be taught by world-renowned academics and entrepreneurs such as Elaine Chen from MIT and Cody Friesen of Zero Mass Water. The intensive bootcamp will be a once in a lifetime opportunity to put in crazy productive work hours while mingling with top minds and sought after investors.
March 13, 2018 23:03 UTC
The positive performance of the Moroccan economy enabled North Africa to achieve the second highest growth rate of 4.9% at the African level, the African Development Bank said. The performance of the Moroccan economy, which saw growth rise from 1.2% in 2016 to 4.1% in 2017 gave a boost to North African posted the second highest growth rate in the continent only preceded by East Africa, AfDB said in its North Africa Economic Outlook 2018. The report notes that Morocco’s performance was brought about mainly by improved agricultural productivity resulting from the combined positive effects of a good rainy season and implementation of the Morocco Green Plan. Growth in North Africa was also boosted by Egypt’s steady positive performance (GDP growth of around 4%), which was fueled by the positive effects of its macroeconomic and structural reforms, it said. The report underscores positive growth prospects for North Africa with an average growth projected at 5.0% in 2018 and 4.6% in 2019.
March 13, 2018 19:41 UTC
The Republic of the Congo and Morocco signed an agreement under which the Kingdom will conduct a feasibility study on the preservation of the Congo basin. The preservation of the Congo basin aims to strengthen the contribution of non-state actors, civil society, indigenous peoples and community organizations to improving forest governance, sustainable forest management and the contribution of forests to development in five Congo Basin countries. The project will benefit the youth living in forest dependent areas in the Congo Basin, which is home to the second largest tropical rain-forested area in the world. Morocco has led advocacy for environmental causes in Africa in the UN climate summit it hosted in November 2016 in Marrakech. Back then, three commissions were set up under the effective chairmanship of King Mohammed VI, revolving around the Sahel, the Congo Basin, and the Island States regions.
March 13, 2018 17:26 UTC
Morocco’s aviation industry is cruising full speed steadily and spreading its wings for takeoff. The domestic sourcing rate of the sector jumped from 17% in 2016 to 29% in 2017, while exports value rose by 18.4 during the same period. Today 15,500 are employed in Morocco’s aeronautics sector, which aims to generate a turnover of $2.8 billion and create 23,000 jobs by 2020. Besides Boeing, other global aviation industry giants launched investments in Morocco including Bombardier, Latisma, Alcoa and Stelia, a subsidiary of Airbus. Up to September 2016, 121 companies have been operating in Morocco’s aeronautics sector, which ranks 15th worldwide in terms of attracting aviation industry investments.
March 13, 2018 16:18 UTC
South African Airways (SAA) has announced the appointment of Marlene Sanau as the new vice president of sales, North America, based at the airline’s North America Regional Office in Fort Lauderdale. She will also oversee SAA’s team of sales development directors located throughout North America, along with the Business Development and Inside Sales Departments in Fort Lauderdale. Marlene joins the South African Airways leadership team in North America with an extensive international airline background having spent over 25 years with Lufthansa German Airlines serving in several sales and operational management positions in the U.S., Germany, Australia, and South Africa. “We are delighted to have Marlene join South African Airways and lead our sales team with her in-depth knowledge of the airline industry and revenue development strategies,” said Todd Neuman, executive vice president – North America for South African Airways. Our customers enjoy a spacious Economy Class cabin, gourmet cuisine and a selection of complimentary spirits and award-winning South African wines and generous checked baggage allowance.
March 13, 2018 15:45 UTC
The draft 2018-2019 regional roadmap focuses on SDG 2 (zero hunger) and SDG 8 (decent work and economic growth), among other SDGs. Representatives from 24 UN organizations, international organizations and funding institutions attended the annual SRCM for North Africa, which took place from 1-2 March in Rabat, Jordan. The meeting focused on sharing experiences with SDG implementation in the North Africa region, and discussed opportunities for improving coordination and synergies. Participants identified several SDGs as high priority for the region, including SDG 2, SDG 5 (gender equality), SDG 6 (clean water and sanitation), SDG 7 (affordable and clean energy), SDG 8, SDG 10 (reduced inequalities) and SDG 13 (climate action). The draft 2018-2019 regional roadmap focuses on improving regional actors’ understanding and implementation of the SDGs.
March 13, 2018 15:22 UTC
“Algeria continues to face important challenges posed by the fall in oil prices four years ago”, said IMF team after concluding a recent visit to the North African country. As a result, the economic environment may not become conducive to reforms and private sector development”, warned the IMF staff. Thus, Algeria central bank should stand ready to tighten monetary policy if inflationary pressures do not abate. Such safeguards should include strict quantitative and time limits to monetary financing, and the pricing of such financing at market rate. Trade policies should be centered on encouraging exports rather than imposing distorting nontariff import barriers, the IMF experts said.
March 13, 2018 15:11 UTC
But India will be served even better if it ties up with France for its Africa pitch. Its historical ties to the region – France had several colonies and protectorates here – means that Paris has an inside track on initiatives for Africa. And with Macron looking to reinvigorate French foreign policy and assets abroad, France will be an ideal strategic partner for India in Africa. Towards this end, a trilateral axis between India, France and the North African nation of Morocco will be extremely welcome. Thus, India and France would do well to seize this opportunity and put in place a trilateral with Morocco that would serve as an important pillar of development and peace in Africa.
March 13, 2018 14:37 UTC
U.S. Secretary of State, Rex Tillerson, has been removed after completing his first African tour. Mr. Tillerson who returned to Washington today after meeting with the Nigerian President Muhammadu Buhari on Monday was expected to resign after President Trump announced he would meet with North Korean leader. Mr. Tillerson had told reporters earlier that such a meeting was not about to take place. Mr. Trump announced his removal in a tweet and would be replacing him with CIA director Mike Pompeo. Correction: A previous version of this article incorrectly stated that Tillerson had resigned.
March 13, 2018 13:18 UTC
Shutterstock photoMcDermott And CB&I Select Executive Leadership Team For Combined Company(RTTNews.com) - McDermott International Inc. (MDR) and Chicago Bridge & Iron Company N.V. ( CBI ) announced the selection of the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction. David Dickson, currently serving as President & Chief Executive Officer for McDermott, will continue in that role for the combined company. Stuart Spence, currently serving as Executive Vice President & Chief Financial Officer for McDermott, will continue in that role for the combined company. Richard Heo will become head of North, Central and South America (NCSA) for the combined company; he is currently Executive Vice President, Fabrication Services for CB&I. Daniel McCarthy, currently serving as Executive Vice President, Technology for CB&I, will continue as head of Technology for the combined company.
March 13, 2018 11:48 UTC
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports. East Africa: the best economic performance of the continentAccording to Nnena Nwabufo, the Bank’s Deputy Director General for the East Africa Region, the East African Economic Outlook highlights a number of policies that member countries must implement to transform their economies. “High fiscal deficits and rising public debt pose challenges to macroeconomic stability in several southern African countries. West Africa: Progress in a contrasting panoramaAfter several good years, economic growth in West Africa stagnated at 0.5% in 2016. Caption: The African Economic Outlook is a flagship publication of the Bank, which provides an overview of the economies of the 54 African countries.
March 13, 2018 11:37 UTC
Emigration from countries of Sub-Saharan Africa has risen dramatically in recent years and the region currently accounts for eight of the 10 fastest growing international migrant populations, according to a new report by the Pew Research Center. As Pew notes, sub-Saharan Africa comprises all countries and territories in continental Africa except Algeria, Egypt, Libya, Morocco, Sudan, Tunisia and Western Sahara. Sub-Saharan Africa also includes a number of islands: Cape Verde, Comoros, Madagascar, Mauritius, Mayotte, Reunion, Sao Tome and Principe, Seychelles, and St. Helena. Only the Middle East-North Africa region outpaced sub-Saharan Africa with the slightly larger increase (39 percent) of people living outside of their birth country. In 2017, some 25 million sub-Saharan migrants lived outside their countries of birth in 2017.
March 13, 2018 10:26 UTC
Shares,Johannesburg, SA, Mar 13 – Africa’s smartphone market experienced a quarter-on-quarter decline of 6.4 percent during Q4 2017 shipping 20.3 million units. In the feature phone space, shipments totaled 33.4 million units, up 3.1pc Quarter on Quarter after decreasing in the previous quarter. Year on year, the feature phone market was up 9.9 percent. Combining smartphones and feature phones together, the overall Africa mobile phone market saw shipments of 53.7 million units in Q4 2017, which represents downturns of 0.7pc QoQ and 2.6pc YoY. Demand for feature phones is expected to remain strong, although IDC expects vendors to drive smartphone uptake by offering more features in affordable price bands.
March 13, 2018 09:33 UTC
Abidjan, Côte d’Ivoire, March 12, 2018 – The African Development Bank has expanded its flagship publication, the African Economic Outlook , with five regional reports. “High fiscal deficits and rising public debt pose challenges to macroeconomic stability in several southern African countries. West Africa: Progress in a contrasting panoramaAfter several good years, economic growth in West Africa stagnated at 0.5% in 2016. Marie-Laure Akin-Olugbade, Deputy Director General of the African Development Bank for West Africa, identified job creation, especially for young people as the big challenge for the sub-region. See Economic Outlook for West Africa 2018.
March 13, 2018 09:33 UTC
South African startups i-Pay and Retail Engage, as well as Tunisian startup Expensya, are among the 14 companies from eight countries selected to join the global Endeavor network at the recent 77th International Selection Panel (ISP) in Dubai. Endeavor works to catalyse long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide. The startups, alongside counterparts from countries including Argentina, Ecuador, Indonesia and Spain, were chosen to join Endeavor’s network by a panel that included top business leaders and investors from around the world, drawn from Endeavor’s extensive network of board members, mentors, and supporters. “The Dubai selection panel provided a fantastic opportunity to bring the Endeavor network and entrepreneurs together in one of the fastest growing cities and entrepreneurship ecosystems in the world,” said Endeavor co-founder and chief executive officer (CEO) Linda Rottenberg. We’re excited to welcome new Endeavor Entrepreneurs from MENA, Africa, Europe, Asia and Latin America.”
March 13, 2018 09:11 UTC