Morocco braces for another dry year – The North Africa Post
The specter of drought is still haunting Morocco for the fourth consecutive year amid delayed rainfall and emptying reservoirs. The alarm bell was rang by water minister Nizar Baraka who warned that some cities should prepare for a rationing of water as part of measures to reduce demand. “The country is heading to a fourth year of drought, if it does not rain in the next three months. Dam filling rate dropped across the country to stand at 22.5% of overall capacity, he said. Proactive measures, such as the waterway channeling water to Rabat and Casablanca, have spared the two cities water-cuts, he said.
Source:The North Africa Journal
December 22, 2023 17:00 UTC
Africa Cup of Nations: How will the Bundesliga be impacted? – DW – 12
When the Africa Cup of Nations gets underway in January, several Bundesliga clubs will have to do without some star names. With 24 Bundesliga players included in their respective countries' provisional squads for the 2023 Africa Cup of Nations (AFCON) in Ivory Coast from January 13 until February 11, 2024, several of Germany's top sides are facing a month without some top performers. Simultaneously, a further eight Japanese and South Korean Bundesliga players could be missing as they compete in the Asia Cup in Qatar (January 12 until February 10). Leverkusen set to lose five playersBundesliga leaders Bayer Leverkusen are set to be hardest hit by the Africa Cup of Nations, if only in terms of sheer numbers. And Tapsoba and Kossounou have been almost permanent fixtures in a back-three that has only conceded 12 goals all season.
Source:The North Africa Journal
December 22, 2023 16:42 UTC
Egyptian holiday home fractional ownership startup expand to Dubai
Egypt’s Seqoon, a holiday home fractional ownership company, has announced its expansion into the UAE market, with the launch of its premier properties in Dubai. Founded in 2022 by Omar Eldessouky and Mohamed El Khatieb, Seqoon allows users to own shares – between one-eighth and one-half – of a vacation home. The company’s innovative approach breaks down affordability barriers, offering users a seamless and hassle-free way to own pieces of luxury real estate. “Dubai’s dynamic real estate market and thriving tourism aligns perfectly with Seqoon’s mission of making property ownership more accessible and enjoyable. We’re thrilled to introduce our innovative model to the vibrant city of Dubai,” said El Khatieb.
Source:The North Africa Journal
December 22, 2023 15:00 UTC
Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries 2023-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2023-2027" report has been added to ResearchAndMarkets.com's offering. The global construction industry is set to expand at a moderate pace. Output Trends: Latest output trends have been analyzed, offering an insight into key markets' construction industry performance. Report ScopeAn overview of the outlook for the global construction industry to 2027. A comprehensive benchmarking of 91 leading construction markets according to construction market value and growthAnalysis of the latest data on construction output trends in key markets.
Source:The North Africa Journal
December 22, 2023 13:57 UTC
Tunisia’s Challenge: Avoiding Default and Preserving Peace
Without a loan, the country may default on its foreign debt in 2024 or 2025. As the economy has floundered, the state has turned increasingly to foreign debt to prop it up. It describes the scenarios that would result from either obtaining an IMF loan or from failing to secure one, followed by a foreign debt default. Nevertheless, these views seem to short-sell or overlook a number of considerations that suggest foreign debt default could well spin out of control. In this event, as discussed, the risk of default on Tunisia’s debt will increase significantly.
Source:The North Africa Journal
December 22, 2023 13:50 UTC
VOOPOO DRAG X2 and DRAG S2 with PnP X Platform have Arrived in the MENA
SHENZHEN, China--(BUSINESS WIRE)--VOOPOO is excited to announce the arrival of the VOOPOO DRAG X2, DRAG S2 with PnP X platform in the Middle East and North Africa market. PnP X Coil, Long-Lasting Lifespan and TasteBased on the PnP platform, VOOPOO PnP X platform brings a long-lasting coil lifespan without flavor fading and coil burning. A PnP X coil can sustain 100 mL e-liquid and a pack of PnP X coils can company you for a whole season. DRAG X2 comes with PnP X Cartridge DTL (with PnP X 0.15 Ω/0.3 Ω). It’s worth mentioning that the cartridges and coils of VOOPOO PnP X coils are only compatible with DRAG X2 and DRAG S2.
Source:The North Africa Journal
December 22, 2023 13:34 UTC
Marburg Therapeutics Market Gears Up for a 5.5% CAGR Surge from 2023 to 2033-FMI Study
Marburg Therapeutics MarketDuring the forecast period 2023 to 2033, the Marburg virus disease therapeutics market is expected to grow at a value of 5.5% CAGR, according to Future Market Insights. Key Takeaways:The hospitals segment is expected to hold 45% of the market share in 2023 for Marburg virus disease therapeutics market. The Marburg virus disease therapeutics market is expected to grow at a value of 5.5% CAGR for forecast period 2023-2033. North America is expected to possess 43% market share for Marburg virus disease therapeutics market in 2023. Asia Pacific Marburg virus disease therapeutics market size is expected to possess 39% market share in 2023.
Source:The North Africa Journal
December 22, 2023 13:04 UTC
Creating a hydrogen hub at Freeport Saldanha SEZ
The Freeport Saldanha SEZ is poised to become one of the first movers to establish a green hydrogen hub in southern Africa. Kaashiefah Beukes, CEO of Freeport Saldanha SEZ, says the economic zone is going to be a big mover of South Africa’s project pipeline because it has so much enabling infrastructure already invested in it. Use promo code ESI10 to get a discount on your delegate ticket when you register for Africa's Green Economy Summit in Cape Town from 21 to 23 February 2024. Find out more about Beukes’ participation at Africa’s Green Economy Summit. ESI Africa is proud media host to Africa’s Green Economy Summit.
Source:The North Africa Journal
December 22, 2023 13:01 UTC
Russia 'ready' to send Tunisia more grain: Lavrov
Russia was ready to supply more grain to Tunisia, Moscow's Foreign Minister Sergei Lavrov said Thursday during a visit to the North African country grappling with shortages fuelled by drought. "There is interest in increasing deliveries of our grain," said Lavrov, without specifying the conditions or cost. Over the past four years, Tunisia has been plagued by drought, which dealt a major blow to its last grain season. The North African country almost exclusively depends on imports for cereals and is in dire need for durum wheat, soft wheat and barley until spring 2024 at least. Lavrov said after meeting with Tunisian Foreign Minister Nabil Ammar that "we agreed to develop our cooperation in all sectors."
Source:The North Africa Journal
December 22, 2023 12:26 UTC
Two of Africa’s largest B2B e-commerce platforms, MaxAB and Wasoko, in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources. The merger talks come as B2B e-commerce companies in Africa continue to scale back operations due to funding scarcity. Sources say MaxAB and Wasoko were actively exploring mergers with other e-commerce platforms. As of last year, the prospect of a merger between MaxAB and Wasoko, both asset-heavy businesses, seemed unlikely. Yet, despite exiting West Africa, the seven-year-old B2B e-commerce company has expanded its reach to include Zambia and the Democratic Republic of Congo.
Source:The North Africa Journal
December 22, 2023 12:03 UTC
Second North Korean nuclear reactor appears to be using fuel, IAEA says
VIENNA (Reuters) -- A reactor at North Korea's Yongbyon nuclear complex appears for the first time to be using atomic fuel, the U.N. nuclear watchdog said late on Thursday, which would mean the country has a new potential source of plutonium for its nuclear weapons. "The discharge of warm water is indicative the reactor has reached criticality," IAEA chief Rafael Grossi said in a statement, meaning the nuclear chain reaction in the reactor is self-sustaining. "The LWR, like any nuclear reactor, can produce plutonium in its irradiated fuel, which can be separated during reprocessing, so this is a cause for concern," he said, adding that the advancement of North Korea's nuclear program was "deeply regrettable." The light-water reactor had appeared complete for years without it going into operation. Activity at North Korea's nuclear test site at Punggye-ri has led to months of speculation that it is preparing to test another nuclear weapon as it seeks to miniaturize its warheads for use in its ballistic missiles.
Source:The North Africa Journal
December 22, 2023 12:00 UTC
Solarcentury Africa And Dallaglio Collaborate For 7 MWp Solar Power Plant At Eureka Gold Mine, Zimbabwe
Solarcentury Africa, in an exclusive collaboration with Dallaglio, is set to construct a cutting-edge 7 MWp solar power plant at the renowned Eureka Gold Mine in Guruve, Zimbabwe. This strategic partnership, supported by parent company BB Energy, underscores Solarcentury Africa’s commitment to establishing a robust portfolio of renewable energy facilities in Zimbabwe and the broader Southern Africa region. The solar power plant, aimed at meeting the rising power demand in the area, will not only cater to anchor off-takers but also facilitate trade on a merchant basis. Solarcentury Africa will oversee the project’s design, development, financing, construction, and operation phases, with financial closure expected early next year. The project has garnered full support from the Zimbabwe Investment and Development Agency (ZIDA), actively assisting Solarcentury Africa in obtaining the necessary licenses and permits.
Source:The North Africa Journal
December 22, 2023 11:32 UTC
Re-Imagining Africa’s Agency in Global Maritime Security
Those involved in the conference demonstrated the commitment of regional stakeholders to re-imagine Africa's agency in global maritime security and work towards a secure maritime environment along the African coastline. The IOC has established the Regional Maritime Information Fusion Centre (RMIFC) in Madagascar and the Regional Centre for Operational Coordination (RCOC) in Seychelles to enhance maritime security. The launch of the new Safe Seas Africa Programme funded by the EU will further enhance the operationalization of the Maritime Security Architecture of the Western Indian Ocean and promote interconnection with existing maritime security architectures. The African Coast Guard Functions Forum, endorsed at the conference, aims to foster regional collaboration and trust among African coastguards to address maritime security threats. Looking forward: The Italian Coast Guard has pledged to provide technical assistance for the establishment of the African Coast Guard Forum, with Kenya proposing to host the first forum next year.
Source:The North Africa Journal
December 22, 2023 11:13 UTC
ITOCHU And Hive Hydrogen South Africa Collaborate For Green Ammonia Project In Coega
ITOCHU Corporation has signed a Memorandum of Cooperation (MOC) with Hive Hydrogen South Africa, marking a significant step in the development of sustainable and low-cost hydrogen and ammonia supply chains. The collaboration, in line with the joint efforts of Japan and the Republic of South Africa, will focus on a green ammonia production project in Coega, Nelson Mandela Bay. The production process involves deriving green ammonia from green hydrogen, itself produced through electrolysis using renewable energy. This approach positions green ammonia as a promising, sustainable energy resource for achieving net-zero CO2 emissions. The MOC with Hive sets the stage for ITOCHU to collaborate on establishing supply chains for green ammonia, capitalizing on South Africa’s competitive resources.
Source:The North Africa Journal
December 22, 2023 10:18 UTC
Pay-n-pump water and irrigation provision in Uganda
In Uganda, over 70% of the population relies on agriculture for their livelihood, yet only 10% of irrigable land is being irrigated. Also, fluctuations in rain patterns and severe droughts add to farmers’ low crop productivity. This led to Aptech Africa identifying the need for smaller solar-powered water pumps. However, most small-scale water pumps are still outside the price range of what an average farmer can afford. A 500W solar water pump and irrigation solution using smart technology to offer PAYGo water-as-a-service to small-scale farmers.
Source:The North Africa Journal
December 22, 2023 08:09 UTC