Middle East latest: Netanyahu says war will 'last months'; drone kills six Kurdish commandos at US base
He added that he would use "all available tools" to stop Israeli banks enforcing the sanctions. However, the Bank of Israel said Israeli banks must comply with the decision by the Biden administration. David Chai Chasdai, another of the settlers under sanctions, told an Israeli newspaper his account in the Postal Bank had been frozen. More than 550 Palestinians have been killed in the West Bank since the start of 2023. Hamas, which carried out the 7 October attacks, is not in charge in the West Bank and no hostages are being held there.
Source:The North Africa Journal
February 05, 2024 11:55 UTC
TAKRAF Group contributes to Africa’s mining expansion
“While we have a number of exciting projects in South Africa, our order book reflects our increasing penetration throughout sub-Saharan Africa,” says Richard Späth, TAKRAF South Africa Managing Director. An order for a flotation circuit from a greenfields platinum operation in South Africa’s Limpopo province is further testimony to our flotation cell technology expertise in the PGM sector. The order comprises 14 DELKOR BQR Flotation Cells equipped with our proprietary MAXGen mechanism for superior metallurgical performance, making it the largest flotation cell installation that we have supplied in South Africa. The past year also saw exciting new contracts, including the design and supply of a conveyor system and rapid train load out station in Mauritania in collaboration with the wider TAKRAF Group. About TAKRAF GroupTAKRAF Group, through its established and well-known brands, TAKRAF and DELKOR, provides innovative technological solutions to the mining and associated industries.
Source:The North Africa Journal
February 05, 2024 11:39 UTC
Middle East and North Africa state wheat buyers' subsidy policies: Edition 1
People across North Africa and the Middle East expect their governments to guarantee that bread is available at a low price. That price is typically tightly regulated and rarely raised – in Tunisia it hasn’t changed since 1984. Receive daily email alerts, subscriber notes & personalize your experience. Register NowMost countries in these regions are too dry to grow enough wheat to satisfy domestic consumption, and so their state grain boards procure it from the international market and are among the most significant global buyers. In this interactive we illustrate the reliance of countries in North Africa and the Middle East on imported wheat and how this is distributed down the chain from import to the cost of local bread, and the subsidies and policies in place to make it accessible to all.
Source:The North Africa Journal
February 05, 2024 11:37 UTC
United Kingdom reaffirms trade, investment, and economic commitments to Ghana
Andrew Mitchell MP, agreed specific actions to accelerate greater trade and investment to bring mutual prosperity for both countries. Andrew Mitchell MP, said:“I am immensely proud of the UK-Ghana Business Council and what we have delivered together. Andrew Mitchell also used the opportunity to engage on the Climate Vulnerable Forum’s priorities with President Nasheed and how the UK can support Ghana as chair. Further to his engagement with the Deputy Minister of Finance, Andrew Mitchell also met with the Minister for National Security, Hon. Distributed by APO Group on behalf of United Kingdom Foreign, Commonwealth and Development Office.
Source:The North Africa Journal
February 05, 2024 10:24 UTC
AfDB lends $40 mn to Mozambique for Maputo rail corridor
The project will make it possible to purchase rolling stock for CFM's main corridor, an 88-kilometre line between the port of Maputo and the South African border. Project implementation will improve logistics and reduce the cost of transporting goods and products using cost-effective, efficient means benefiting from economies of scale. Located in southern Africa, Mozambique is arguably the main logistics gateway for countries in the region’s interior, such as Zimbabwe, Zambia, Malawi and Eswatini. The country's three main corridors offer relatively shorter corridor options over road and rail networks for transporting freight from neighbouring countries and providing access to world markets for exports and imports. The goods transported over these corridors are mainly raw and processed materials, agricultural products, containerized freight, and bulk liquids.
Source:The North Africa Journal
February 05, 2024 09:51 UTC
Ghanaian e-bike startup Kofa to launch next-gen battery swap network
Ghanaian e-bike startup Kofa, which is pioneering Africa’s first multi-use, swappable battery network, has announced the planned launch of its second-generation Kore 2 Swap & Go network. Its Kofa Swap & Go system is a distributed network of batteries and swap stations that provides immediate access to a fully-charged battery in seconds. Backed by Shell Foundation, the UK’s FCDO, Wangara Green Ventures, and Mercy Corps Ventures, Kofa launched Ghana’s first connected battery swap network, around its Kore1 battery in early 2023. It then began building the Kore2 network, which incorporates significant advancements. “The launch of Kofa’s Kore2 battery network represents a pivotal step towards accessible and affordable energy in urban centres across Africa.
Source:The North Africa Journal
February 05, 2024 09:19 UTC
Turning the Spotlight on Africa’s Rich Wildlife Ecosystem
BBC Earth’s highly anticipated “Planet Earth III,” set to premiere on Monday, February 19 at 20:00 on BBC Earth, DStv Channel 184, promises an awe-inspiring exploration into the heart of Africa’s diverse ecosystems and wildlife. Presented by the iconic Sir David Attenborough, the eight-part series brings viewers closer to nature than ever before, showcasing the beauty and struggles of Africa’s breathtaking landscapes, including captivating scenes filmed in South Africa.
Source:The North Africa Journal
February 05, 2024 09:11 UTC
Algeria Reels Under its Own Boycott of Moroccan Ports
Algeria’s Professional Association of Banks and Financial Institutions (ABEF) banned its members from processing transactions for goods transshipped through Moroccan ports, with immediate and severe consequences. “ABEF has received a letter from the Ministry of Transport on the subject of goods imported through Moroccan Ports. Goods bound for major Algerian ports have usually been transshipped through Morocco’s Tanger Med, which is a massive container hub for international trade. Both carriers replaced Tanger Med as the transshipment port serving Algerian Ports, instead opting for the ports of Algeciras and Valencia. Some analysts warned that the Algerian decision would negatively affect its economy, since bypassing Moroccan ports would increase the cost of transportation and delivery time.
Source:The North Africa Journal
February 05, 2024 08:57 UTC
Sudan: Urgent response needed amid high death rates and malnutrition crisis in North Darfur
A rapid nutrition and mortality assessment carried out by MSF reveals that a catastrophic situation has unfolded in Zamzam camp, North Darfur, since the conflict in Sudan began in April 2023. The emergency threshold for malnutrition, which indicates that urgent action must be taken, is two per cent – making it clear that a serious emergency situation is present in Zamzam camp. “What we are seeing in Zamzam camp is an absolutely catastrophic situation,” says Claire Nicolet, head of MSF’s emergency response in Sudan. MSF is the only operational health provider in Zamzam camp – one of the largest and oldest camps for displaced people in Sudan. “Referrals for patients from Zamzam camp to the paediatric hospital in El Fasher happen on a daily basis to try and save children’s lives,” says Nicolet.
Source:The North Africa Journal
February 05, 2024 08:34 UTC
Global Balloon Catheter Industry is expected to reach an outstanding US$ 6.4 Billion valuation by 2033 at a CAGR of 4.3%, according to FMI
The global balloon catheter industry size is set to experience remarkable expansion over the next decade, following a projected CAGR of 4.3%. The global balloon catheter market is expected to register 4.3% CAGR between 2023 and 2033. A value of US$ 6.4 billion is estimated for the global balloon catheter market in the year 2033. The global balloon catheter market is poised to reach a valuation of US$ 4.2 billion in 2023. https://www.futuremarketinsights.com/ask-question/rep-gb-1916Competition Landscape in the Balloon Catheter Market:To set themselves apart from their rivals in the industry and boost sales in the global balloon catheter market, manufacturing companies are concentrating on merger and acquisition strategies.
Source:The North Africa Journal
February 05, 2024 08:27 UTC
Applications open for Kofi Annan Award for Innovation in Africa
Applications are open for the Kofi Annan Award for Innovation in Africa (KAAIA), which is targeting technology-powered solutions to ensure zero hunger for all in Africa. Organised by the Austrian Federal Chancellery, together with the Kofi Annan Foundation, the KAAIA invites entrepreneurial startups with a proven business model and a demonstrated social impact to submit their business plans in order to bring their impact to scale and benefit as many Africans as possible. The KAAIA seeks to raise awareness for the potential African entrepreneurs hold to achieve the Sustainable Development Goals, and aims to support technology-powered solutions and approaches that are helping to improve food security and systems in African countries. Applications close on February 8.
Source:The North Africa Journal
February 05, 2024 07:45 UTC
How Kenya’s TausiApp is leveraging AI to connect freelance beauticians with clients
Kenyan startup TausiApp is an on-demand beauty tech platform that leverages artificial intelligence (AI) to connect freelance beauticians with clients. Through TausiApp, beauticians can build their businesses independently, and clients can enjoy convenient and professional beauty services at their preferred location,” Kimani told Disrupt Africa. Inspired by the convenience of ride-hailing services, he envisioned creating a platform to connect freelance beauticians with clients. “TausiApp identified a gap in the market for convenient and on-demand beauty services, especially for freelance beauticians who faced challenges in reaching clients efficiently,” Kimani said. Kimani, however, said TausiApp differentiates itself by focusing on empowering freelance beauticians, ensuring quality services through AI-driven matchmaking, and creating a transparent and fair marketplace for both clients and beauticians.
Source:The North Africa Journal
February 05, 2024 07:45 UTC
Morocco : Rabat brings in new lobbyist in Brussels
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Source:The North Africa Journal
February 05, 2024 07:35 UTC
Vanadium, a future energy storage and steel production element
Vanadium Redox Flow Batteries (VRFBs)In recent years, vanadium has gained attention for its role in energy storage solutions, notably in VRFBs. VRFBs offer scalability, long cycle life, and decoupling power and energy, making them ideal for grid-scale energy storage applications. As power grids worldwide continue to replace fossil fuel power plants with large-scale renewable energy solutions, long-duration energy storage is essential to ensuring reliable grid operation. Future applications and forecastThe forecast for vanadium demand paints a promising picture, driven by both traditional steel industries and the expanding market for energy storage technologies. As industries continue to innovate and global energy storage needs grow, vanadium’s dual role in steel production and energy storage positions it as a critical element in shaping the future of sustainable technologies and heavy industries.
Source:The North Africa Journal
February 05, 2024 05:49 UTC
African startups raised $83 million in January 2024
African startups got off to a sluggish start in 2024, raising just $83 million across 31 disclosed deals in January, according to data from Africa: The Big Deal. Excluding this outlier, African startups in January 2023 raised roughly $99.1 million, bringing the YoY decline to a more moderate 16.2%. Image source: TechCabal/Timi OduesoThe three sectors with the highest funding are agritech with $26.3 million in raises, cleantech with $18.1 million, and healthtech with a modest $13.5 million. Three of the four logistics startups—Bosta, FriendlyM and Roboost—who raised funds in January 2024 were from North Africa, or Egypt specifically. Last year, logistics startups received a fair bit of interest as the fourth sector with the highest funding at $205 million.
Source:The North Africa Journal
February 05, 2024 05:30 UTC