North Africa’s Manufacturing Potential: Tunisia, Morocco, and Algeria – Why Aren’t European Companies Seizing the Opportunity? – International Supermarket News
This article aims to shed light on the untapped potential of Tunisia, Morocco, and Algeria, exploring the factors that make them ideal candidates for European manufacturing partnerships. Tunisia, Morocco, and Algeria boast a significant demographic dividend, with a large proportion of the population under 30. European businesses can tap into this resource to achieve cost efficiencies without compromising on skill and expertise. Quality Higher Education Institutions: Tunisia, Morocco, and Algeria are home to reputable universities and technical institutions that produce well-educated graduates. The time is ripe for a paradigm shift, unlocking the full potential of Tunisia, Morocco, and Algeria as essential contributors to Europe’s manufacturing landscape.
Source:The North Africa Journal
November 21, 2023 11:12 UTC
Loop high-voltage transmission line for West Africa taking shape
Utilities in The Gambia, Guinea, Guinea-Bissau and Senegal have signed a transmission service agreement to create a loop high-voltage power transmission line in West Africa. As the name suggests, the 224kV, double-circuit line will form a circular network, spanning the four countries. Commissioning the OMVG Interconnection Line will represent an important step in developing an interconnected energy transmission network in West Africa. The OMVG Energy Project will help promote electricity trade between the member countries. Of interestECOWAS emphasises commitment to sustainable energyThe main purpose of the transmission service agreement contracts is to manage the transport of electricity by the transmission network manager from the injection point to the delivery point.
Source:The North Africa Journal
November 21, 2023 11:02 UTC
Ajaokuta–Kano Gas Pipeline Project set for inauguration
The Ajaokuta–Kano Gas Pipeline Project in Nigeria is set for inauguration. The US $2.8 bn project is aimed at transporting natural gas from southern Nigeria to central Nigeria. The614km-long pipeline will transport natural gas from southern Nigeria to central Nigeria and is set to eventually extend to the North Africa region. The gas pipeline project was flagged off in 2021 by President Muhammadu Buhari. The funding for the AKK gas pipeline project involves the NNPC and a consortium of international lenders, with the completion targeted for July 2024.
Source:The North Africa Journal
November 21, 2023 10:56 UTC
Morocco’s Chari raises funding from UM6P Ventures
Chari, a Morocco-based B2B e-commerce startup with embedded financing for the FMCG sector, has secured investment from UM6P Ventures, the investment fund of Mohammed VI Polytechnic University. In February it raised an additional US$1 million from Orange Ventures, in June it announced follow-on funding from Plug and Play, and in July a further US$1.5 million from Verod-Kepple Africa Ventures (VKAV). It has now banked further capital from UM6P Ventures, the investment fund of Université Mohammed VI Polytechnique (UM6P), aiming to promote entrepreneurship and accelerate scientific innovation in Morocco and Africa. UM6P Ventures operates through two funds – a Deeptech projects fund and a Digital Transformation fund. Ismael Belkhayat said Chari will use the funds raised to “become a leader in B2B e-commerce with embedded finance”.
Source:The North Africa Journal
November 21, 2023 09:23 UTC
SA’s FinMeUp partners consulting firm for financial education solution
South African fintech startup FinMeUp has partnered consulting firm Decusatio Human Capital Solutions to launch a digital financial consumer education solution that allows organisations of different sizes to onboard staff and beneficiaries as part of their B-BBEE and human capital development strategies to improve financial literacy. Founded in 2020, FinMeUp offers a comprehensive range of solutions including an education platform, financial advisory, investments, insurance, and credit solutions. The startup secured a funding round back in August, and has now partnered with Decusatio Human Capital Solutions, a division of consulting firm Decusatio, to launch digital financial consumer education solution Besmarta. Besmarta, powered by Digime and FinMeUp, will allow organisations of different sizes to onboard staff and beneficiaries as part of their B-BBEE and human capital development strategies to improve financial literacy. “We are excited by this partnership and look forward to working with the Decusatio team to fulfil our mission to deliver high-quality financial education and help ordinary South Africans make smarter financial decisions,” said Higgo Van Biljon, CEO of FinMeUp.
Source:The North Africa Journal
November 21, 2023 09:23 UTC
Here are the top 10 largest gold mines in the world
Grasberg mine (Indonesia)www.123rf.comGrasberg mine in Mimika Regency, Central Papua, Indonesia, holds one of the world’s largest gold and copper reserves. The largest open-pit gold mine in the world with production believed to be estimated around 2 Moz annually. RELATED:DRDGOLD reports 5% quarter-on-quarter increase in gold productionSuper Pit Mine (Australia)Super Pit One of Australia’s largest open pit gold mine. (www.superpit.com.au)The Super Pit Mine is one of the biggest open-pit gold mines in the world and the largest in Australia. Boddington Mine (Australia)www.123rf.comThe Boddington gold and copper open-pit mine, located 13 km northwest of Boddington, Western Australia, is now Australia’s largest gold mine.
Source:The North Africa Journal
November 21, 2023 08:49 UTC
Associate / Assistant / Full Professor in Media Law and Journalism Ethics job with NORTHWESTERN UNIVERSITY IN QATAR
We seek candidates with an active scholarly profile in fields related to Media Law and Journalism Ethics, and who ideally have a combination of university-level teaching experience, legal education and/or experience, professional media experience, and a dynamic publication record. Teaching expectations include both Media Law courses, with preference for an international media/strategic communication emphasis, and foundational courses in the Journalism and Strategic Communication Program, such as Investigative Reporting and Journalistic Storytelling. NU-Q is a globally embedded institution; it is one of three campuses of Northwestern University (Chicago, Doha, Evanston) and one of several institutions in the Qatar Foundation’s Education City in Doha, Qatar. We acknowledge and honor the original people of the land upon which Northwestern University stands, and the Native people who remain on this land today. Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities.
Source:The North Africa Journal
November 21, 2023 07:45 UTC
Emirates joins UAE-based consortium for renewable aviation fuels
Eight founding entities announced the launch of the Air-CRAFT - a UAE-based research consortium focused on developing, producing, and scaling sustainable aviation fuel (SAF) technologies. The consortium is supported by the UAE Ministry of Energy and Infrastructure and UAE General Civil Aviation Authority, and includes ADNOC, Boeing, Emirates, ENOC Group, Etihad, Honeywell, Khalifa University and Masdar, says a release from Emirates. While based in the UAE, the consortium will also engage with, and welcome the participation of relevant international entities as it progresses. The new initiative was announced on the sidelines of the 3rd ICAO Conference on Aviation and Alternative Fuels (CAAF/3) and ahead of COP28. “Emirates supports initiatives that contribute to the deployment of SAF," says Sheikh Majid Al Mualla, Divisional Senior VP, International Affairs, Emirates Airline.
Source:The North Africa Journal
November 21, 2023 07:35 UTC
Egypt : EU speeds up delivery of boats to Egypt's military
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
November 21, 2023 07:11 UTC
Google Cloud opens new cloud region in Saudi Arabia
Google Cloud has announced the opening of its new cloud region in Dammam, bringing high-performance, low-latency Google Cloud Platform services to customers of all sizes, from public sector organizations and large businesses, to small and medium-sized enterprises (SMEs) and startups in Saudi Arabia and the Middle East. Research commissioned by Google Cloud and conducted by Access Partnership, a prominent global tech policy advisory firm, estimates the new cloud region in Saudi Arabia could add a cumulative $109 billion USD in gross economic output to the Saudi economy between 2024 and 2030. CNTXT is Google Cloud’s exclusive reseller for local organizations and multinationals purchasing Google Cloud Platform services on a standalone basis through their Saudi-based entities. Customers selling their own solutions powered by Google Cloud can sell those products to Saudi-based end-users, and customers based outside the Kingdom can work with Google Cloud or any of its partners to host their workloads in the Dammam cloud region. With Google Cloud, data monetization is not just a possibility, it’s a reality.”The new Dammam cloud region is now part of Google Cloud’s network of 39 cloud regions and 118 zones that bring cloud services to over 200 countries and territories worldwide.
Source:The North Africa Journal
November 21, 2023 03:51 UTC
Senegal adopts $452m for national health budget for next year – The North Africa Post
Senegal’s legislature approved Sunday November 19 the Government proposal of $452 million for national health budget accounting for 3.9 per cent of national budget for next year (2024). The lawmakers in unison greenlighted the budget presented by Minister Marie Khémesse Ngom Ndiaye, head of Health department. The 2024 health budget in on the increase by 9 per cent, compared to the 2023 financing budget. Marie Ndiaye told lawmakers that current health budget as of Q3 has been implemented by 62.31 per cent. The West African country is projecting for next year a national budget of $11 billion.
Source:The North Africa Journal
November 21, 2023 03:11 UTC
Morocco’s OCP welcomes US cut in customs duty on phosphate fertilizers – The North Africa Post
Morocco’s OCP, the world’s largest phosphates producer, welcomed the US decision to cut the customs duty on phosphates-based fertilizers from 19.97 to 2.12%. The group had announced in late 2022 a $13 bln green investment plan to increase fertilizer and ammonia production using renewable energy. OCP is one of the world’s biggest ammonia importers spending $2 billion on the raw material that is essential to fertilizer manufacturing. OCP plans to kick off production with 200,000 tons of ammonia in 2026 and 1 million tons in 2027 as it also seeks to increase production of fertilizers to 20 million tons in 2027 after 12 million tons in 2021. The company also plans to increase desalination capacity in Safi and Jorf Lasfar sites in order to supply surplus to nearby towns.
Source:The North Africa Journal
November 21, 2023 03:00 UTC
Chief Specialties: The Rich History Of Zambia’s Luangwa Valley
I immediately set about questioning senior members of the local Mfuwe village about their migration from the Congo into the Luangwa Valley (part of Northern Rhodesia prior to the 1960s) only to receive anecdotal stories of a migration in the 18th century. While the Kunda were a large majority of the people living in the districts surrounding the park, two other tribes, the Chikunda and Ngoni, were also present as minorities. I soon determined that it was enslavement and internecine warfare that caused large migrations into the Luangwa Valley. The valley had been unpopulated due to its inability to support livestock with a high density of carnivores and because of the sleeping sickness disease. In the absence of a colonial army, Portuguese landlords hired individuals who voluntary sold themselves for economic survival and collectively they became the Chikunda.
Source:The North Africa Journal
November 21, 2023 02:39 UTC
MENA countries to attend South Africa BRICS summit on Gaza
The four prospective BRICS members from the Middle East and North Africa will join the group's "extraordinary meeting" on Gaza hosted by South Africa. Leaders from Saudi Arabia, Egypt, Iran and the United Arab Emirates will on Tuesday attend a virtual summit of the BRICS group of nations hosted by South Africa. All 3 countries are due to join BRICS in January 2024. The BRICS -- Brazil, Russia, India, China and South Africa -- are a group of major emerging economies seeking to reshape the US and Western-led global order. On Friday, South Africa joined four other nations in calling for an International Criminal Court investigation into the Israeli war crimes in Gaza.
Source:The North Africa Journal
November 20, 2023 20:13 UTC
VTEX Strengthens North American Team With Addition of Five Retail Industry Leaders to its Strategic Advisory Board
The five new members bring significant retail and digital commerce experience from brands like Amazon, Overstock.com, and Louis VuittonNEW YORK, Nov. 20, 2023 VTEX (NYSE: VTEX), the global enterprise digital commerce platform, expands its Strategic Advisory Board with five retail industry leaders. , chief ecommerce officer at Hearst, brings over 20 years of retail experience to the board, building new retail and ecommerce experiences for companies like L Brands, Nike, and Amazon. Michael Relich has served as an advisory board member to multiple retail and ecommerce companies, such as Catch and Newmine, and has deep expertise in strategic planning, retail supply chain, investor relations, strategic planning, and more. has served as an advisory board member to multiple retail and ecommerce companies, such as Catch and Newmine, and has deep expertise in strategic planning, retail supply chain, investor relations, strategic planning, and more. "We are honored to welcome these esteemed professionals to our Strategic Advisory Board," said Mariano Gomide de Faria, VTEX co-CEO.
Source:The North Africa Journal
November 20, 2023 20:00 UTC