CoinDCX Makes MENA Market Splash with BitOasis Acquisition
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies.
Source:The North Africa Journal
July 04, 2024 02:26 UTC
North Carroll Senior Center
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Source:The North Africa Journal
July 04, 2024 01:34 UTC
Letter on hydrogen: Chasing Africa’s green prize
Letter on hydrogen: Chasing Africa’s green prizeBP has joined the international push to try to unlock North Africa’s potential as a major green hydrogen producer and exporterThe race is on to unlock North Africa’s vast potential as a low-cost green hydrogen supplier. The latest big hitter to enter the fray is BP. The London-based oil and gas major has agreed to take on the role of main developer and operator of a potential large-scale project in Egypt, as part of a consortium comprising UAE renewables firm Masdar, Egypt’s Hassan Allam Utilities and Masdar joint venture Infinity Power. The consortium has signed a framework agreement with the Egyptian government to start feasibility studies. BP’s decision to join the consortium makes a lot of sense, given the company’s existing footprint in Egypt, where it has invested about $35b over the last 60 years.
Source:The North Africa Journal
July 04, 2024 01:15 UTC
Tunisia sets elections for October. The increasingly authoritarian president hasn't said he'll run
President Kais Saied set Oct. 6 for the election in a decree issued late Tuesday, according to a statement from the presidency. Saied’s first term ends on Oct. 23. The election will be voters’ first chance to evaluate Saied’s tenure amid an economic crisis and the drift into authoritarianism. Analysts expect he will run for a second, five-year term given that the new constitution grants him full powers. Tunisia’s main opposition coalition has said it won’t take part in the presidential election unless Saied’s political opponents are freed and judicial independence is restored.
Source:The North Africa Journal
July 04, 2024 00:54 UTC
New SA e-hailing startup Shesha aims to use local knowledge to disrupt Uber, Bolt
South African startup Shesha aims to disrupt the established e-hailing landscape, largely dominated by international giants like Uber and Bolt, by providing a local alternative using its understanding of local conditions. This is according to spokesperson Nomsa Mdhluli, who told Disrupt Africa that the company was making safety concerns its number one priority. “Shesha verifies the identities of everyone on a Shesha trip from the customer to the driver, ensuring that they are indeed who they say they are. The startup is funded by numerous stakeholders including the Gauteng Taxi Industry Trust, Santaco Gauteng and the Gauteng National Taxi Alliance, which Mdhluli said gives it an “intimate understanding of local conditions”. The company is in the process of onboarding over 13,000 drivers, and claims its customer uptake has been “phenomenal”.
Source:The North Africa Journal
July 03, 2024 18:16 UTC
ICSID and Africa over 50 years
ICSID and Africa over 50 yearsPublished by: Robert Li at 03/07/2024Egypt and North Africa have the most experience of investor-state disputes on the African continent, but...Egypt and North Africa have the most experience of investor-state disputes on the African continent, but there is a long way to go before truly diverse and local representation becomes the norm for the international framework. The report entitled ‘50 years of ICSID Arbitration and African States (1974-2024)’ was published on 11 June and was prepared by Lagos, Nigeria-headquartered law firm GO Sodipo & Co. The report proves or debunks common notions on investment arbitration in Africa that may not always be supported by data”. “On the other hand, the report debunks the notion that ICSID Arbitration is skewed against African States. Our report shows that more awards have been given in favour of African states than the awards that were issued against African states by ICSID.
Source:The North Africa Journal
July 03, 2024 17:09 UTC
Loadshedding in Egypt: LNG supply to address energy deficits
Ministry of Petroleum and Mineral Resources spokesperson Hamdy Abdel-Aziz said a vessel carrying a liquefied natural gas (LNG) shipment has arrived at the Ain Sokhna port. Egypt energy crisis: Shops to close earlier as loadshedding is extendedThe government announced recently that Egypt will import mazut and natural gas shipments valued at around $1.18 billion. According to the government, the gas supply interruption was caused by an unmentioned neighbouring country. The government also reduced the natural gas supply to fertiliser companies. Local media reported that last week, four of Egypt’s fertiliser manufacturers temporarily halted operations because of the gas supply shortage.
Source:The North Africa Journal
July 03, 2024 16:27 UTC
Women’s Sportswear: The Big Winner of Paris 2024 Olympics?
A flurry of new products catering to the female athleteDriving growth opportunities in women's sportswear is the increasing visibility of female athletes across a wide range of sports. The professionalisation of and investment in women’s sports has shown established sportswear brands (such as Nike and adidas) and challenger sportswear brands (such as On and Hoka) leveraging investment opportunities in women-focused sportswear. Tailoring sportswear offerings to align with women’s health and designing products around women’s bodies for female athletes, on both professional and amateur levels, are pivotal in remaining relevant in the evolving sportswear market. Whilst men’s sportswear remains the largest value segment in the sportswear market, growth opportunities in women’s sportswear cannot be negated. Sportswear sales were estimated at USD396 billion in 2023 and continue to outpace broader apparel and footwear growth.
Source:The North Africa Journal
July 03, 2024 16:26 UTC
Indian Crypto Exchange CoinDCX Acquires Dubai-Based BitOasis to Enter MENA
CoinDCX, which previously invested in BitOasis in August, is among the most prominent crypto exchanges in India, boasting a user base of over 15 million and quarterly spot trading volumes of more than $840 million. A report by CoinGecko around a year ago ranked CoinDCX as the country's third-largest crypto exchange, with a 6.6% market share, behind Bitbns and WazirX at 79% and 11%, respectively.
Source:The North Africa Journal
July 03, 2024 15:48 UTC
Sudan’s RSF advanced on Port Sudan – The North Africa Post
Sudan’s paramilitary Rapid Support Force (RSF) took control of strategic towns as they advance on Port Sudan, where the Sudanese army and UN agencies are based. The advance marks an inroad for the RSF in its war with the Sudanese army, which broke out in April last year, with no end in sight. “We have liberated the 17th Infantry Division from Singa,” the capital of Sennar state, the RSF announced on X. The advance of the RSF in Darfur triggered warnings by NGOs of another genocide in the area, where hospitals and other civilian infrastructure has been destroyed. Some 2 million people have crossed the border to flee the ongoing civil war between the paramilitary RSF and the army, UNHCR said.
Source:The North Africa Journal
July 03, 2024 15:41 UTC
CoinDCX Acquires BitOasis: Expanding Crypto Reach in MENA
CoinDCX Acquires BitOasis: Expanding Crypto Reach in MENAShare on:By Rediff Money Desk, Dubai Jul 03, 2024 20:58India's CoinDCX acquires BitOasis, the leading crypto exchange in the Middle East and North Africa, expanding its reach and boosting crypto adoption in the region. Illustration: Uttam Ghosh/Rediff.comDubai, Jul 3 (PTI) India's crypto exchange CoinDCX has announced the acquisition of BitOasis, the Middle East and North Africa's leading virtual assets trading platform boasting the highest trading volume in Emirati Dirhams. Sumit Gupta, Co-Founder of CoinDCX, said the company aims to become the go-to trading platform for crypto worldwide. Since the start of BitOasis, trust and regulatory compliance have been a key pillar in our mission to drive crypto adoption across MENA. Rediff.com » Market News » CoinDCX Acquires BitOasis: Expanding Crypto Reach in MENADISCLAIMER - This article is from a syndicated feed.
Source:The North Africa Journal
July 03, 2024 15:37 UTC
SA software company Polymorph acquired by Octoco Group
Polymorph, a leading South African software product development consultancy, has been acquired by Octoco, a rapidly-growing group of technology companies based in Stellenbosch. Over the past 12 years, the company has established itself as a preferred partner for some of South Africa’s best-known brands. The company offers comprehensive engineering services, such as software development, hardware engineering and CTO support, and has also started investing in tech startups, such as Henlo Coffee, a company in its group which recently launched its machines in Vida e Cafe. Polymorph Systems has now been added to the Octoco Group of technology companies, in a deal that sees the well-established software product development consultancy become a sister company to Octoco Consulting within the larger Octoco Group. “We think Polymorph’s approach to software product design is exceptional and we are very excited to welcome them to the group,” said Heinrich de Lange, Octoco CEO.
Source:The North Africa Journal
July 03, 2024 15:01 UTC
Folk Maritime collaborates with Bahri Ship Management
The agreement was signed by Poul Hestbaek, CEO of Folk Maritime and Eng. Khalid Alhammad, President of Bahri Ship Management, to strengthen collaboration on technical ship management, crewing and ship building supervision, thereby contributing to the goals of Vision 2030 to build a robust logistics and maritime sector in Saudi Arabia that serves the region and beyond. This partnership with Folk Maritime Bahri Ship Management is one such critical step that we, at Bahri Ship Management, are determined to make a success through our immense expertise in the sector.”With two vessels in operation, Folk Maritime serves as a strong partner in driving feeder services along one of the world’s most pivotal shipping routes, the Red Sea. With support from Bahri Ship Management, the aim is to link Saudi Arabia to regional ports across the Middle East and North Africa. Folk Maritime aims to further expand its fleet strength through new purchases as well as building new vessels purpose-designed for regional trade.
Source:The North Africa Journal
July 03, 2024 14:42 UTC
Climate change’s outsized impact on North Africa
Climate change’s outsized impact on North AfricaZaid M. BelbagiGlobally, North Africa is one of the regions most affected by climate change (File/AFP)Short Url https://arab.news/9aw49North Africa is one of the regions most affected by climate change globally, with summer temperatures predicted to rise by 4 degrees Celsius over the next 50 years. The challenges posed by climate change cut across sectors and, today, the region is both heating up and drying much faster than the global average. Water shortages have become a defining feature of the socioeconomic environment in North Africa in recent years. The loss of traditional nomadic communities is therefore leading to a notable cultural erosion in North Africa. North Africa’s contribution to global carbon emissions is meager, yet it faces an outsized impact as a result of climate change and global warming.
Source:The North Africa Journal
July 03, 2024 14:15 UTC