MPOB calls for setting up of oil hub or redistribution centre in Egypt
Adobe StockThe Malaysian Palm Oil Board (MPOB) has called for an oil hub or redistribution centre to be set up in Egypt to build on recent cooperation between the two countries, the New Straits Times reported. “By leveraging Egypt’s strategic position and ability to re-export to neighbouring countries, Malaysia can consider establishing a hub for Malaysian palm-based downstream products at one of Egypt’s major ports,” Dr Kadir told Business Times. The proposed hub in Egypt would serve as a vital link in the distribution chain, ensuring timely delivery of palm oil products to markets in the Middle East and North Africa, the 6 June report said. “This can also encourage small quantity imports by Egyptian industry members directly from Malaysian exporters, thus eliminating the additional cost of dealing with a third party,” Dr Kadir added. For this reason, he said the Malaysian oil palm industry could consider investing in bulking facilities in Egypt to gain market share in this region.
Source:The North Africa Journal
June 25, 2024 01:02 UTC
Roxanne Dunbar-Ortiz: We Must Understand Israel as a Settler-Colonial State
This experience as a teenager was my introduction to the concept of settler colonialism and made me a supporter of Palestinian self-determination and right of return. Their support for Israel was emblematic, I came to understand later, of the seductive mythology that settler-colonial states cultivate and depend on. Although there are stark differences and time frames for the establishment of settler colonialism, there is a common thread that defines the process. Though the apt term “settler colonialism” wasn’t invented until rather recently, the practice of settler colonialism dates back many centuries. After its founding, the new United States used the same settler-colonial tools to seize the rest of the continent within a century.
Source:The North Africa Journal
June 24, 2024 23:08 UTC
SSA captures 12% of global impact investment flows, Report finds
Sub-Saharan Africa accounts for 12% of global impact investment flows, according to a report released on June 7, 2024, by the Foundation for Studies and Research on International Development (FERDI). The report highlights the lack of a unanimous definition of impact investment in literature, noting that this type of investment is based on two key concepts: intentionality and additionality. The creation of impact investment funds was halted or significantly slowed by the COVID-19 pandemic. Medium-sized impact funds (between $1 million and $250 million in assets under management) account for over 50% of the total funds listed. Impact funds are nearly absent in the hydrocarbons sector, and large telecommunications companies, and generally do not target mature businesses.
Source:The North Africa Journal
June 24, 2024 22:10 UTC
T20 World Cup: South Africa secures semifinal spot with thrilling victory over West Indies
In a gripping Super 8 clash at the Sir Vivian Richards Stadium, South Africa edged past the West Indies by three wickets to secure their place in the T20 World Cup semifinals for the first time in a decade. The victory, powered by Marco Jansen’s crucial late-game heroics, also marked the end of West Indies’ campaign in the tournament. The decision proved fruitful as their bowlers delivered a collective performance, restricting the West Indies to a modest 135 for 8. The start of the innings was shaky with Andre Russell taking two quick wickets, leaving South Africa at 15 for 2. The top team from Group 1 will face England, while South Africa will challenge the second-placed team from Group 1.
Source:The North Africa Journal
June 24, 2024 21:52 UTC
Hazrat Ibrahim's (AS) Social Reforms to End Child Sacrifices
As per the book of Genesis it was his son Hazrat Isaac born to Hazrat Sarah who was saved from the ritual of child sacrifice. Given the fact that the eldest child was as a practice sacrificed, therefore it would have been Hazrat Ibrahim. In fact the actual purpose of Hazrat Ibrahim was to end the ritual of child sacrifices among the people of his time, so he substituted the ram for his son. Thereafter, the people of Israel began to follow the tradition of Hazrat Ibrahim to perform the animal sacrifice. However, as mentioned above the people in many parts of Africa, Europe and Asia continued the human sacrifices even after Hazrat Ibrahim abandoned the child sacrifice.
Source:The North Africa Journal
June 24, 2024 21:39 UTC
US seeks new military basing in West Africa amid withdrawal from Niger
Special operations forces will then depart Air Base 201 in Agadez, in the country's rural interior, by the September deadline, according to Langley. Air Base 201 serves as the main hub of US aerial intelligence collection and counterterrorism operations in West Africa. The US withdrawal from Niger comes as the latest in a series of setbacks for Washington's military strategy in Africa. Pentagon officials continue to try to find an alternative drone base in West Africa after the planned withdrawal from Air Base 201. China, which maintains its only overseas military base in Djibouti, is "actively seeking and engaging with a number of other countries on the periphery of coastal West Africa, both in the East and the West," Langley said Monday.
Source:The North Africa Journal
June 24, 2024 21:15 UTC
In Tunisia, a Sufi shrine with an exuberant feminist vibe
Upon entering the shrine, visitors are embraced by a festival of prayer and womanhood. A talented seamstress and wool-weaver, Sayyida Manoubia became known for distributing wool clothes to disadvantaged people. It is said that Sayyida Manoubia, a Sufi saint, refused to marry, concerned it would interfere with her charity and pursuit of heavenly truths. The shrine, Sayyida Manoubia, commemorates a 13th-century scholar and saint of that name praised for her charity. Erika Page/The Christian Science Monitor On Sundays the Sayyida Manoubia shrine fills with visitors who come to make offerings and ask for blessings.
Source:The North Africa Journal
June 24, 2024 21:04 UTC
Cool South Africa Edge Out West Indies To Enter Semi-final - Nagaland Page
With this win, South Africa topped Group 1 followed by defending champions England as the second semifinalist from it. Equally praiseworthy was Kagiso Rabada’s copybook cover drive off Roston Chase when South Africa required 9 off 7 balls. We would have liked to be a lot more convincing,” said South African skipper Aiden Markram. In a contest that was headlined by the most revered names in T20 history, two under-rated cricketers held forte. Maharaj bowled a dream delivery for a classical left-arm spinner to get rid of West Indies skipper Powell.
Source:The North Africa Journal
June 24, 2024 20:15 UTC
Sohag land agreements progress Egypt’s giga-scale wind ambitions
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Source:The North Africa Journal
June 24, 2024 19:39 UTC
Nigeria: Funding for DisCos to roll out electricity meters
Unmetered Band A customers in Nigeria are to be the first tranche of electricity customers to receive meters as the government looks to up revenue generation in the sector. The Nigerian Electricity Regulatory Commission (NERC) recently approved the use of N21 billion (around $13.5m) for electricity distribution companies (DisCos) to fit meters within a specified timeline. “The installation of contracted volume meters shall be completed within 60 days from the date of approval of the process by the Commission, and all contracts for the supply and installation of meters shall be filed with the Commission,” said NERC. The NERC order follows last month’s Senate approval of President Bola Tinubu’s request for sign-off on a $500 million World Bank loan to increase the supply of electricity meters across the country. Nigeria: DisCos ordered to verify bona fides of electricity customersThe funding is aimed at addressing DisCos’ inability to raise financing in the form of debt or additional equity.
Source:The North Africa Journal
June 24, 2024 19:10 UTC
Finance Phantom Review 2024: Legit or Scam? Real Insights from UK, Canada, AU, and NZ!
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Source:The North Africa Journal
June 24, 2024 17:59 UTC
Live Report - South Africa knock out West Indies to seal semi-final spot
There’s a new-found tenacity to them and it’s seen them get to a T20 World Cup knockout for the first time in a decade. They were largely responsible for keeping West Indies quiet and for several of the 57 dot balls West Indies faced in their innings - the equivalent of 9.3 overs - and the most at this T20 World Cup. And once the tears have dried, West Indies will look to their batting as the major reason they were unable to advance. Their bowlers were worked with what they had and had South Africa 15 for 2 in two overs, before the rain came down. Chase's 3 for 12 and Josephs' 2 for 25 kept them in it but even with South Africa seven down, West Indies were unable to pull off a miracle.
Source:The North Africa Journal
June 24, 2024 17:47 UTC
ICC T20 World Cup: Marco Jansen seals it with a six as South Africa win another close match, enter semifinals
A rain delay, revised target and a batting collapse… The ghosts that have haunted South Africa in the past and looked buried. The equation was simple for South Africa and West Indies following England’s qualification on Sunday evening. Even the revised DLS target didn’t alter the dynamics, but still somehow South Africa managed to induce life into a game that appeared dead. “A lot of relief to get through to the semi-final…not going to be brain-washed by that,” South Africa captain Aiden Markram said. When Klaasen’s characteristic 10-ball 22 ended in the eighth over, South Africa had 77 already on board.
Source:The North Africa Journal
June 24, 2024 17:21 UTC
TID Rollover Event: 5 months to go
Countdown to the TID Rollover Event: As of the 24 of June 2024, we have less than a year to go. Only 5 months left until the TID Rollover event on the 24th of November 2024. To all Utilities and Municipalities gearing up for this crucial project. Make sure you’re not left behind. Visit our website for more: https://www.tidrollover.com/#24November2024#PrepaidMetering#TIDRollover#STSEdition2#SmartMetering
Source:The North Africa Journal
June 24, 2024 17:03 UTC
British Banks Have Abandoned North Sea Oil
Virtually all British banks have stopped financing smaller independent oil and gas producers, responsible for the bulk of output and investment in the North Sea, Neptune Energy has revealed. “The future of the North Sea is now dependent upon the US banks or Norwegian banks and not on the UK banks. "Lloyds' new policy marks an important turning point in the dangerous relationship that exists between leading UK banks and fossil fuel companies. Small U.S. Banks Boost Oil & Gas FinancingThe situation could not be more different in the U.S. where smaller regional banks have significantly boosted their lending to oil and gas firms over the past two years. On a global scale, fossil fuel financing remains dominated by four U.S. banks--JPMorgan Chase, Citi, Wells Fargo, and Bank of America--who together account for one quarter of all fossil fuel financing over the last six years.
Source:The North Africa Journal
June 24, 2024 16:08 UTC