Will Egypt succeed in upping its multimillion-dollar IMF bailout?
Egypt is looking to increase its $3 billion IMF program to address its worst economic crisis in decades. The war in the neighboring Gaza Strip along with Red Sea instability have also been worsening Egypt’s economic prospects. Part of that agreement included Egypt introducing monetary policies to drop the country’s high inflation rate, which currently sits at 34%. Egypt was also expected to switch to a flexible exchange rate regime and reduce government spending. The agency reported that flotation of the Egyptian pound might be a condition on the table.
Source:The North Africa Journal
February 02, 2024 15:49 UTC
International collaboration results in Happi Pear launch
Bred over four decades ago by Agriculture and Agri-Food Canada (AAFC) in Harrow, Ontario and transferred to Vineland, the Happi Pear is about to enter the consumer pear market thanks to a global collaboration with Stemilt Growers LLC (Stemilt) and Associated International Group of Nurseries (AIGN®). “The Happi Pear® is a product of AAFC’s breeding program and Vineland’s multi-disciplinary horticultural innovation and commercialization process. The Happi Pear is about to enter the consumer pear market. “Happi Pear has a bright future,” says West Mathison, president, Stemilt. For more information:Dr. Amy BowenVineland Research and Innovation CentreAmy.bowen@vinelandresearch.comDiana HusonVineland Research and Innovation Centrediana.huson@vinelandresearch.comhttps://www.vinelandresearch.com/Rob BlakeyStemiltrob.blakey@stemilt.comhttps://www.stemilt.com/Dr. Gavin PorterAIGNgavinporter@anfic.com.auhttps://aign.org/
Source:The North Africa Journal
February 02, 2024 13:09 UTC
IV Fluid Transfer Drug Devices Market Sets its Sights on a Projected Valuation of US$9,250.9 Million by 2033, Fostering Precision in Drug Delivery Solutions
By 2033, the IV fluid transfer pharmaceutical devices market is projected to grow to a value of US$ 9,250.9 million worldwide. Get a Sample Copy of the Report:https://www.futuremarketinsights.com/reports/sample/rep-gb-6454IV Fluid Transfer Drugs Devices Market: Drivers and RestrainsThe global IV fluid transfer drugs devices are anticipated to register a significant CAGR over a forecast period. Rising threat of contamination is the primary factor for the growth of IV fluid transfer drugs devices market. Besides that increasing adoption of IV fluid transfer drugs devices during the drug administration will also propel the growth of the global market of IV fluid transfer drugs devices. By end user, the IV fluid transfer drugs devices market is segmented as hospitals, specialized clinics and other healthcare facilities.
Source:The North Africa Journal
February 02, 2024 12:22 UTC
Sahara: De Mistura’s diplomatic blunder & Pretoria’s interference raising eyebrows! – The North Africa Post
Pretoria is not a party to the Sahara issue. The Sahara issue is handled exclusively by the UN Security Council. Yet, Pretoria has challenged the Council and over-stepped its prerogatives by meddling in this North Africa conflict. Instead of standing up against South Africa’s interference in the UN-led political process, Mr. De Mistura responded favorably to Pretoria’s anti-Moroccan scheme raising questions over the UN envoy neutrality. According to some analysts, South Africa’s hostile move comes after Morocco wins UN Human Rights Council Presidency, beating Pretoria with the majority of the votes of the UN Body.
Source:The North Africa Journal
February 02, 2024 12:17 UTC
Tunisia : Kais Saied tightens grip on commission for criminal conciliation
Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users. Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device. Either “Accept and close” to agree to all cookies or go to “Manage cookies” to review your options. You can change these settings at any time by going to our Cookie management page.
Source:The North Africa Journal
February 02, 2024 11:47 UTC
Global Cloud-Based Drug Discovery Platform Industry to Achieve 12.6% CAGR, Poised at US$ 7,529.59 Million Valuation by 2032 | FMI Insights
The Global Cloud-Based Drug Discovery Platform Industry is poised for unprecedented growth, riding on a robust Compound Annual Growth Rate (CAGR) of 12.6% projected throughout the forecast period. Moreover, the cloud-based drug discovery platform is flexible to offer end-users to customize it according to their projects. Global Cloud Based Drug Discovery Platform Industry DynamicsData management is a critical issue for the pharmaceutical industry. Cloud-based drug discovery platform runs at zero lag time, saving time and giving real-time access to users. https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1591Global Cloud Based Drug Discovery Platform Industry Key Players:Some of the key players operating in the Global Cloud Based Drug Discovery Platform Industry IBM Corp, Accenture PLC, BioXcel Corporation, Cloud Pharmaceuticals, Inc., WuXi AppTec (Shanghai) Co., Ltd., Dassault Systemes BIOVIA Ltd.
Source:The North Africa Journal
February 02, 2024 11:32 UTC
Eni, Vår Energi complete Neptune E&P takeovers
Offshore staffSAN DONATO — Eni completed its acquisition of the majority of Neptune Energy Group’s global E&P operations on Jan. 31. Vår Energi, in which Eni has a 63% interest, has taken on full ownership of Neptune’s offshore Norway portfolio, with Neptune’s Germany operations excluded from both deals. Vår Energi acquired the Norwegian E&P business directly from Neptune, with the transaction approved by the competent authorities of the countries involved and the anti-trust regulators. Vår Energi is targeting production of about 400,000 boe/d by the end of 2025. Neptune Norway, which will operate as a fully owned subsidiary of Vår Energi, has been renamed Vår Energi Norge.
Source:The North Africa Journal
February 02, 2024 10:58 UTC
Daily Review: EU Approves €50 Billion for Ukraine
Today’s Top StoryEU leaders have unanimously agreed to extend €50 billion, around $54 billion, in new aid to Ukraine, overcoming weeks of resistance from the sole holdout, Hungarian PM Viktor Orban, who vetoed the aid package in December. But in fairness, Ukraine has received much less military aid in the past year than it did when the war first broke out. With those financial concerns assuaged for the time being, Kyiv will now have more time to focus on the next phase of the conflict and rally support for more military aid. EU leaders have in the past overcome Orban’s veto via transactionalism, unlocking funds for Hungary that had been frozen by Brussels over rule-of-law violations. This time, however, EU leaders reportedly gained Orban’s support without conceding anything material, signaling that the EU is still capable of acting in unanimity on major issues.
Source:The North Africa Journal
February 02, 2024 10:43 UTC
COSCO SHIPPING Lines opens in branch office in Casablanca
By LoadstarEditorial 02/02/2024PRESS RELEASEFollowing the TSM-Service established in September last year, the new founded company will play a key role for the trade between North Africa and the rest of the world based on an optimized global network with green shipping and digital supply chain servicesCasablanca, Morocco, 01.02.2024 – COSCO SHIPPING Lines has opened its new branch office in Morocco today. COSCO SHIPPING Lines (Morocco) SARL is based in the heart of Casablanca and emphasises the rising importance of North Africa for European trade. As part of COSCO SHIPPING Europe’s “Big corridor and 3 networks” strategy to connect Europe to other continents with three networks (water and rail transportation, and a warehousing and distribution network), feeder and shortsea carrier Diamond Line, a subsidiary of Cosco Shipping Lines (Europe) GmbH, will play a key role in extending the North Africa business. “With the opening of COSCO SHIPPING Lines (Morocco) SARL in Casablanca, we are delighted to make a clear commitment to the importance of North Africa in trade with Europe and the world, as we continue to pursue our mission to serving the global trade and local societies together. The newly founded COSCO SHIPPING Lines (Morocco) SARL, headed by Managing Director LU Yuxin, succeeds the previous Moroccan COSCO SHIPPING Lines agent COSMO Shipping & Logistics.
Source:The North Africa Journal
February 02, 2024 10:33 UTC
Africa Amplified 02/02/2024
And what's behind this really chiefly is all of the disruptions we've seen in the energy sector and also in logistics and transportation, freight and ports in Africa, in South Africa. And so we also would come in, we were talking about the need for fiscal consolidation for South Africa. So, Yvonne, we heard a little bit there from the IMF's chief economist about South Africa. Just to give context, South Africa, Nigeria account for 40% of GDP in the region. The two other things for South Africa, we had power concerns.
Source:The North Africa Journal
February 02, 2024 10:30 UTC
Concern at renewed Congolese terror – CAJ News Africa
from JEAN KASSONGO in Kinshasa, DRCDRC BureauKINSHASA, (CAJ News) – THE Humanitarian Coordinator in the Democratic Republic of Congo has expressed concern about the new escalation of violence in the province of North Kivu. The humanitarian consequences of the recent intensification of violence are denounced as alarming. Around 8 000 internally displaced people have now sought shelter near Mweso hospital. This raises the risk of a new tragedy if the fighting intensifies near this vital installation. The recent escalation of violence is a reminder of the suffering endured for years by civilian populations affected by the conflict in North Kivu.
Source:The North Africa Journal
February 02, 2024 10:15 UTC
Applications open for 2nd Accelerate Africa startup support programme
Early-stage founders with innovative solutions to the continent’s largest challenges have been invited to apply for the second edition of Accelerate Africa, which helps startups develop their strategy and become investment-ready. Convened in partnership with Future Africa and Prosper Africa, Accelerate Africa is led by operator VCs Iyinoluwa Aboyeji and Mia von Koschitzky-Kimani, who have built, funded and advised hundreds of African founding teams, including Andela, Flutterwave, Moove, and Daystar Power. The programme aims to help “bold and visionary” founders who are building businesses to solve some of Africa’s biggest challenges, by accelerating their progress over eight weeks and then concluding with a demo day where they can raise seed capital from some of the best investors focused on Africa. It is looking for founders with lived experience, solving the kinds of problems that can become global businesses. Applications are open here.
Source:The North Africa Journal
February 02, 2024 09:55 UTC
Cybersecurity Experts Join Commvault's Resilience Council - IT News Africa
Experts from security, public sector, and tech industries join Commvault’s council, advising on security trends, cyber threats, and best practices. Council members include renowned experts:Following a distinguished career protecting digital assets and guiding organizations such as Tik Tok and ADP, Cloutier helps organizations enhance their corporate security strategies and digital protection mechanisms. Nancy Wang, Cybersecurity Investor, Former General Manager of AWS Data Protection and Data SecurityAfter launching the first managed data protection business for AWS Cloud, which now serves the majority of Fortune 500 enterprises on AWS, Wang now invests in cybersecurity startups and advises them on product strategy and enterprise Go-To-Market. “Each new member of the council brings a diverse wealth of experience, from governance and risk management, to developing cutting-edge security products and countering sophisticated cyber threats,” said Hathaway. “I look forward to collaborating with this esteemed group of experts as we work hand-in-hand with Commvault to combat widespread AI-driven threats and advance cyber resilience for organizations around the world.”
Source:The North Africa Journal
February 02, 2024 08:38 UTC
North Korea tests more cruise missiles as leader Kim calls for war readiness
SEOUL, South Korea — North Korea on Friday extended a provocative series of weapons tests by firing cruise missiles into the sea, as leader Kim Jong Un called for his military to step up war preparations and toured a shipyard. Choose your plan ArrowRight South Korea’s Joint Chiefs of Staff said the U.S. and South Korean militaries were analyzing the North Korean launches into its western sea. It said South Korea’s military detected multiple missiles but it did not immediately provide a specific number or an assessment of their flights. AdvertisementNorth Korea’s official Korean Central News Agency did not specify when Kim visited Nampho. Share this article ShareWhile North Korea has demonstrated quick progress in expanding its lineup of land-based nuclear-capable missiles, experts say Kim’s naval ambitions may require significant more time, resources and technology breakthroughs.
Source:The North Africa Journal
February 02, 2024 08:22 UTC
Ion Exchange wins contract of Rs 152.46 cr
For a desalinated water unit for a project in North AfricaPowered by Capital Market - Live NewsDisclaimer: No Business Standard Journalist was involved in creation of this contentIon Exchange (India) has been awarded a Contract from Material Construction Trading FZCO, UAE for Engineering, Manufacturing, Delivery to site, supervision of erection, commissioning and start-up of Desalinated water unit for a Project in North Africa at a contract value of Rs 152.46 crore plus VAT. The project is to be completed within 8 months from the date of Letter of Acceptance.
Source:The North Africa Journal
February 02, 2024 07:56 UTC