Libya : Libyan state auditor slams profligate spending at Paris embassy
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Source:The North Africa Journal
November 23, 2023 07:15 UTC
North Unit gets $5 million for modernization
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Source:The North Africa Journal
November 23, 2023 06:16 UTC
Senegal: African Development Bank agrees loan of nearly €87 million for Agropole Nord
The Islamic Development Bank (21.2%), the West African Development Bank (15.9%), Sponsor Dette (19.3%) and Sponsor Equity (7.7%) are the other contributors to the implementation of ‘Projet Agropole Nord’, in English, ‘Agricultural Hub North Project’. As of 31 October 2023, the African Development Bank Group’s active portfolio in Senegal comprised 35 projects with a total commitment of 1,380 billion FCFA. Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media contact:Alexis AdéléCommunication and External Relations Departmentmedia@afdb.orgAbout the African Development Bank Group:The African Development Bank Group is the leading development finance institution in Africa. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Special Fund (NSF).
Source:The North Africa Journal
November 23, 2023 02:48 UTC
Reviewing gas and oil potential in the energy landscape of Africa
In their latest Africa Energy Review 2023, PwC looks at the challenges and opportunities inherent in the continent’s energy sector, positing that Africa is now emerging as a key enabler to the global energy transition. It requires a multipronged approach to decarbonisation with renewables and natural gas power at its core. It says the continent has significant renewable energy potential, particularly in the North and South, from which to develop renewable energy and become more energy secure in a sustainable net-zero manner. Image Source: PwC’s Africa Energy Review 2023. East African energy expansion is mostly driven by gas development and LNG export, with Tanzania and Mozambique’s gas potential starting to bear fruit.
Source:The North Africa Journal
November 22, 2023 23:15 UTC
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South Korea boosts surveillance after North launches spy satellite
[1/6] A rocket carrying a spy satellite Malligyong-1 is prepared to be launched, as North Korean government claims, in a location given as North Gyeongsang Province, North Korea in this handout picture obtained by Reuters on November 21, 2023. The suspension of a clause in the agreement will see South Korea step up military surveillance along the heavily fortified border with North Korea. U.S.-led efforts to boost U.N. sanctions on North Korea have failed in recent years due to opposition from veto-wielding China and Russia. Critics have said the pact weakened Seoul's ability to monitor North Korea while Pyongyang had violated the agreement. North Korea had notified Japan of a satellite launch after two failed attempts to put what it called spy satellites into orbit this year.
Source:The North Africa Journal
November 22, 2023 22:03 UTC
Sharp decrease in climate finance going to small-scale farmers
Yet, climate finance going to small-scale agrifood systems has gone down by 44 percent and is now as low as 0.8 percent of total climate finance, falling far short of needs. Small-scale farmers, who feed entire communities and nations in the developing world, need to be able to adapt to climate change now. Small-scale farmers are often on the climate frontlines, living in vulnerable areas, and exposed to extreme weather events. Yet, according to the new analysis, “The Climate Finance Gap for Small Scale Agrifood Systems”, climate finance to small-scale agrifood systems (which include small-scale famers, farmers organizations, cooperative and also micro-, small rural agribusinesses serving them), is strikingly low, falling to US$5.53 billion, representing less than 0.8% of global climate finance in 2019/2020. This is extremely disturbing as solutions to help small-scale farmers to adapt do exist,” said Lario.
Source:The North Africa Journal
November 22, 2023 20:57 UTC
North Korea’s spy satellite launch: All you need to know
North Korea has said it successfully launched a military spy satellite on its third attempt in six months. North Korea’s neighbours and their allies are taking a cautious approach to its purported success this time. To launch a more capable satellite, North Korea will probably need to develop a larger rocket, which it appears to be doing, he said. “This is not the first time North Korea has shown its competition with South Korea. North Korea’s first yet failed satellite launch came six days after South Korea successfully launched its homegrown Nuri rocket,” it said.
Source:The North Africa Journal
November 22, 2023 20:57 UTC
No Exit From Gaza
The death toll from Israel’s subsequent assault on Gaza continues to mount, at last count exceeding 12,000, at least 5,000 of them children. An idea that has gained greater traction in Western countries, including the United States, would see the Palestinian Authority replace Hamas in Gaza. Hamas has been the government of Gaza since 2006, has a presence throughout major institutions and civil society, and enjoys significant public support. REOCCUPIED TERRITORYIf the leadership vacuum in Gaza cannot be filled by an Arab state or a Palestinian actor, what then? Some observers take the worst-case scenario—driving Palestinians out of Gaza and embarking on an Israeli reoccupation—a step further.
Source:The North Africa Journal
November 22, 2023 18:28 UTC
FIFA tournaments: Morocco’s Football continues to make history – The North Africa Post
In Indonesia, the Moroccan Atlas Cubs overcame on Tuesday the Iranians after scoring last gasp equalizer. Following a 1-1 draw, the match headed to a penalty shootout which the Moroccans won 4-1 to advance the last eight. The Moroccan youngsters opened their FIFA World Cup tournament with 2-0 victory over Panama. They lost their 2nd match against Ecuador 2-1 before beating host country, Indonesia, 3-1 to progress to the knockout stages. In Dar Essalam, Morocco, the 2022 World Cup semi-finalist, defeated on Tuesday Tanzania 2-0.
Source:The North Africa Journal
November 22, 2023 17:19 UTC
FSB Middle East And North Africa Group Discusses Regional Financial Stability Issues And Cross-Border Payments
The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met today in virtual format. The group discussed global and regional macroeconomic and financial stability developments. The group discussed the implications of a higher interest-rate environment and vulnerabilities in non-bank financial intermediation (NBFI). Many members viewed the data in the report to be consistent with their own observations, and they discussed regional initiatives to strengthen payments arrangements. It brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.
Source:The North Africa Journal
November 22, 2023 17:16 UTC
Gaza and the Making of a New Middle East Order
Hilal Khashan is a Professor of political science at the American University of Beirut. He is a respected author and analyst of Middle Eastern affairs. He is the author of six books, including Hizbullah: A Mission to Nowhere. He is currently writing a book titled Saudi Arabia: The Dilemma of Political Reform and the Illusion of Economic Development. He is also the author of more than 110 articles that appeared in journals such as Orbis, The Journal of Conflict Resolution, The Brown Journal of World Affairs, Middle East Quarterly, Third World Quarterly, Israel Affairs, Journal of Religion and Society, Nationalism and Ethnic Politics, and The British Journal of Middle Eastern Studies.
Source:The North Africa Journal
November 22, 2023 13:08 UTC
Markets bowled over by the quality of this year’s cherry crop
Although the crop is about 20% smaller than anticipated, Tru-Cape’s cherry producers are thrilled about the quality and size of these ruby red jewels. “It’s some of the best quality cherries we’ve ever seen,” says Calla du Toit, Tru-Cape’s procurement manager enthusiastically. A cold spell and frost in mid-September hit some cherry producers particularly hard. Nico cautions that due to the short harvest and marketing window (only about ten weeks), cherry production demands focused farming practices, access to proper packing facilities and good market access. Follow Tru-Cape on X (@TruCapeFruit), Facebook (@Tru-Cape Fruit Marketing) and Instagram (@trucapefruit).
Source:The North Africa Journal
November 22, 2023 13:06 UTC
Will Houthi-Israel tensions threaten Red Sea security?
Analysis: After demonstrating that their advanced missile and drone technology can reach Israel, the Houthis have expanded their focus to the Red Sea. After threatening to strike Israel and American assets in response to the Gaza offensive, the Houthis vowed last week to target Israeli ships in the Red Sea. This is despite the US backing and selling arms to the Saudi-led coalition, with the hope of maintaining security in the Red Sea and Arabian Peninsula. This handout screen grab captured from a video shows Yemen's Houthi fighters taking over the Galaxy Leader Cargo in the Red Sea coast off Hodeida, on 20 November 2023 in the Red Sea, Yemen. For now, Yemen’s war has reached a stalemate and violence has mostly lulled after UN-brokered ceasefires and efforts to achieve a new government.
Source:The North Africa Journal
November 22, 2023 12:39 UTC
Shell Egypt discovers natural gas reservoir in Mediterranean Sea
Shell Egypt discovers natural gas reservoir in Mediterranean SeaShell Egypt has completed the drilling of the first well in its three-well exploration campaign, Mina West in the Mediterranean Sea, which has yielded promising resultsThe new discovery will boost Shell Egypt's exploration campaign. The Stena Drilling for Mobile Offshore Drilling Unit (MODU) – Stena Forth rig – is contracted to carry out the drilling campaign. Khaled Kacem, vice president and country chair of Shell Egypt, said, 'This discovery is an important step forward for Shell Egypt, bolstering our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy. Shell, together with its partners, will continue to work towards safely and efficiently reaching the development phase of the block.'
Source:The North Africa Journal
November 22, 2023 12:15 UTC
OSN merge with Anghami to lead streaming in MENA
TV and Film streaming service OSN+ is merging with music service Anghami to lead the streaming race in the Middle East and North Africa. Two of the Middle East and North Africa’s (MENA) leading streaming service are coming together. Video streaming service OSN are investing in Anghami and bringing them under their wing. Music streaming service Anghami has over 100 million songs on their platform. With OSN+, a Netflix-like platform of film and TV, they hope to dominate the overall streaming scene in MENA.
Source:The North Africa Journal
November 22, 2023 12:02 UTC