African Development Bank, Attijariwafa Bank Europe sign €100 million risk-sharing agreement to unlock private sector potential to drive African trade
The African Development Bank (www.AfDB.org) and Attijariwafa bank Europe, European subsidiary of the Attijariwafa bank group, have signed a €100 million risk-sharing agreement to strengthen businesses and trade across Africa. The pact is expected to catalyse nearly €500 million worth of trade for companies operating in more than twenty African countries. We are creating new opportunities for all those who undertake and project themselves in Africa”, said Mohamed El Azizi, African Development Bank Director General for North Africa. Media Contact:Department of Communication and External Relationsmedia@afdb.orgAbout the African Development Bank Group:The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).
Source:The North Africa Journal
January 26, 2024 16:25 UTC
Salafi-Jihadi Movement Update Special Edition: Blinken Visits West Africa as Former Sahelian Counterterrorism Partners Continue to Slide into Russia and Iran’s Orbit
[2] The new Sahelian juntas have expanded economic and military relationships with each other, Iran, and Russia. [14]The Sahelian juntas have also turned to Iran and Russia for economic development and cooperation to alleviate the effects of Western and African sanctions. [18]Iran and Russia see North Africa and the Sahel as a means to advance their strategic aims of destabilizing Europe. The partnerships undermine Western efforts to economically isolate Iran, Russia, and other unfriendly authoritarian states by helping all countries mitigate sanctions. Stronger Salafi-jihadi insurgencies in Burkina Faso and Niger will amplify pressure on vital US counterterrorism and economic partners in littoral West Africa.
Source:The North Africa Journal
January 26, 2024 15:11 UTC
Court order: Why Europeans should support the ICJ’s decision on South Africa’s genocide case against Israel
The International Court of Justice (ICJ) has announced provisional measures in the genocide case brought by South Africa against Israel over its military campaign in Gaza. It also ordered Israel to report to the court within a month on the implementation of these orders. Europe’s responseEuropean countries have different views about South Africa’s genocide case, as they do of Israel’s military campaign more broadly, but it is essential that they now unite to fully support the ICJ’s decision and demand the implementation of the measures it imposes. The genocide case will take years to resolve. Finally, the ICJ’s case has attracted enormous attention around the world.
Source:The North Africa Journal
January 26, 2024 15:04 UTC
More Than Morocco: Other North African Destinations to Explore
As the most popular tourism destination in North Africa (and the continent at large), Morocco is a beloved vacation hotspot that is frequently in the spotlight. Here are four amazing North African travel destinations not to overlook. AlgeriaThough less frequented by travelers looking to visit North Africa, Algeria offers its own unique charm and attractions. History buffs will find themselves intrigued by the rich history of Timgad, an ancient city founded by the Romans in the first century. EgyptEgypt is another popular North African destination.
Source:The North Africa Journal
January 26, 2024 14:36 UTC
Italy's Meloni targets energy, migration with Africa plan
Pocatello, ID (83201)TodayCloudy skies early, followed by partial clearing. Temps nearly steady in the mid 30s. Winds SSW at 5 to 10 mph..TonightMainly cloudy. Winds SSE at 10 to 15 mph.
Source:The North Africa Journal
January 26, 2024 14:17 UTC
Four African countries unlock much-needed climate finance
Under the Room to Run Sovereign (R2RS) transaction, four African countries have unlocked much-needed climate financing totalling more than $400 million thanks to loan guarantees provided by the United Kingdom (UK) government. The loan guarantees will help Benin, Kenya, Mauritius and Tunisia enhance the reliability of their national grids and strengthen the countries’ resilience to climate change. By providing these loan guarantees, the UK unlocked additional funding towards this initiative. Climate change makes it even more difficult to achieve the Sustainable Development Goals. “The UK has ambitious plans to build resilience to climate change globally, supporting climate-vulnerable countries such as Benin.
Source:The North Africa Journal
January 26, 2024 14:09 UTC
Senegal: Economy changing energy goals will be met
Senegal is set to meet its energy goals off the back of stringent policies and implementation which, in turn, should stimulate the economy. In its Senegal 2023: Energy Policy Review report, the International Energy Agency (IEA) lauds the direction the country is taking. Taking stock of Senegal’s progressIn 2021, Senegal’s domestic energy production covered 41% of the total energy supply (TES) and relied on imported fossil fuels to cover the rest. Ensure better coordination of the actions taken in the energy sector by the various stakeholders around the MEP. See the full International Energy Agency (IEA) Senegal 2023: Energy Policy Review report.
Source:The North Africa Journal
January 26, 2024 14:08 UTC
Agriculture, seafood exports worst hit by Red Sea crisis: CRISIL
However, the Red Sea crisis has a differential impact. Players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle. But a prolonged crisis over the next few quarters can make these sectors also vulnerable as working capital cycles would get stretched with orders put on hold, CRISIL noted in the report.
Source:The North Africa Journal
January 26, 2024 13:38 UTC
Morocco breaks pre-Covid tourism record with 14.5 million visitors – The North Africa Post
Morocco’s tourism has turned the Covid 19 page, breaking a new record with the arrival of 14.5 million tourists last year, up 34% from 2022. The milestone shows a 12% increase compared to 2019 when Morocco attracted 13 million tourists, the ministry said in a statement. More than 1.3 million tourists visited Morocco in December giving a boon to a sector that represents about 7% of GDP. Morocco relies on increasing air routes between Moroccan cities and with European airports to attract more tourists. In a recent deal, Ryanair said it will launch flights connecting 9 Moroccan cities in summer 2024.
Source:The North Africa Journal
January 26, 2024 13:24 UTC
Madison Hayes scores 24 to lead No. 7 North Carolina State over Clemson, 71-49
CLEMSON, S.C. (AP) — Madison Hayes is playing like North Carolina State coach Wes Moore always thought she would. She had two 3-pointers and an uncontested layup off her steal as North Carolina State opened with a 13-2 run. But Hayes and North Carolina State took control of this one in a hurry. North Carolina State beat Clemson by double digits for the 13th time in the past 15 meetings. But the two league losses already have them a game behind one-loss league leaders Syracuse, North Carolina and Louisville.
Source:The North Africa Journal
January 26, 2024 13:17 UTC
UK weather: Freak winter heat to send temperatures soaring above 20C in just DAYS as tropical African gusts strike Britain
Tropical gusts wafting out of Africa later this month promise to crank up the heat for an early taste of summer. Late winter records are under threat with the ingredients in place to drive "incredible temperatures" towards the end of February. The warm-up will be powered in part by freakish winter heat currently roasting the Continent and North Africa. However, in the meantime, sun-starved Britons face another cold snap with Arctic winds threatening to return after the weekend. Some forecasters warn the nation is braced for another cold snap to push temperatures back into minus figures at the start of February.
Source:The North Africa Journal
January 26, 2024 12:49 UTC
Incumbents, investors combine to support Africa’s thriving fintech space
“At the same time I do think the banks have been very slow to change. You’ve got 54 different markets, 42 different currencies, and very different regulatory regimes,” she said. The fact different African countries have different regulatory models, is holding the fintech space back, Rossiello says. Fintech has become very popular for investors, leading the continent for funding. “The last three years we’ve seen a huge influx of funding into Africa as a whole, and fintech and blockchain more specifically.
Source:The North Africa Journal
January 26, 2024 11:59 UTC
AFCON 2023: How to watch South Africa in round of 16 live action vs Morocco
South Africa finds its self among the last 16 standing at the 2023 CAF Africa Cup of Nations being held in Côte d'Ivoire. The Bafana Bafana, participating in their 11th AFCON, are on a quest to claim their second title. Their football history is rich, highlighted by their triumphant win in 1996, a second-place finish in 1998, and a third-place in 2000. Despite a mix of highs and lows in recent years, including quarter-final spots in 2002, 2013, and 2019, South Africa has shown resilience and determination. Under the guidance of Belgian coach Hugo Broos, the 2019 AFCON-winning coach with Cameroon, South Africa has demonstrated a fighting spirit.
Source:The North Africa Journal
January 26, 2024 05:10 UTC
Honeywell appoints Khaled Hashem as President of the Middle East and Africa region, ETHRWorldME
AdvtAdvtBy ,AgenciesJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. During his tenure, he has played a key role in driving operational and sales excellence and deepening customer engagement. Today, the company supplies cutting-edge technology to the oil and gas, refining, petrochemical, aviation, climate control, fire safety, logistics and security industries, amongst others. Headquartered in Dubai with offices across the Middle East, Honeywell is a leading enabler of smart buildings and smart cities.Source: Zawya, Press Release
Source:The North Africa Journal
January 26, 2024 03:41 UTC
Highlights From Canada’s Middle East and North Africa Film Festival
In its fifth year, the MENA Film Festival in Vancouver is set to showcase its most expansive and regionally diverse array of films on the big screen from January 27 to February 1. Founded in 2019, the festival works to bridge the gaps in the arts and provide Middle East and North African (MENA) — also known as South West Asian and North African (SWANA) — representation. The 2024 artwork, sold as a limited-edition print, was crafted by Egyptian artist Marwan Shahin from Shahin Studios in Los Angeles. The 90-minute feature won the Amnesty International Film Award at the 2023 Berlin International Film Festival. Her mother remembers this experience as “being thrust into adulthood in a singular moment.”The MENA Film Festival aims to make the online screenings available in the United States next year, the festival’s strategy director Ghinwa Yassine said.
Source:The North Africa Journal
January 25, 2024 22:39 UTC