On the Occasion of the Francotech Exhibition, BPI France, Sawari Ventures, and Flat6Labs Sign a Memorandum of Understanding
EQS-News: Flat6Labs / Key word(s): ConferenceOn the Occasion of the Francotech Exhibition, BPI France, Sawari Ventures, and Flat6Labs Sign a Memorandum of Understanding09.10.2024 / 19:25 CET/CESTThe issuer is solely responsible for the content of this announcement. The signing of the memorandum between Bpifrance, Sawari Ventures, and Flat6Labs took place within the framework of the FrancoTech exhibition for Francophonie and Innovation at Station F in Paris, alongside the Francophonie Summit. Launched in 2010, Sawari Ventures is a venture capital firm that invests in growth-stage African tech companies addressing regional and global challenges. Additionally, they seek to foster commercial and technological partnerships between European businesses and African innovation companies. This is precisely the goal of the partnership between Bpifrance and Sawari Ventures and Flat6Labs.”Distributed by APO Group on behalf of Flat6Labs.
Source:The North Africa Journal
October 09, 2024 17:33 UTC
UPDATE 1-Algeria could buy 3 million tons of Russian wheat this season, Russian trade mission says
MOSCOW, Oct 9 (Reuters) – Algeria’s purchases of Russian wheat could reach 3 million metric tons this season after a big part of 510,000 tons bought by Algeria’s state grains agency in a tender on Oct. 8 was awarded to Russia, Russia’s trade mission in Algeria said. “If the current trend continues, Russian grain supplies to Algeria could reach 3 million tons by the end of the season,” the trade mission said in a statement on Wednesday.
Source:The North Africa Journal
October 09, 2024 17:30 UTC
AM Best Briefing in Bahrain to Explore State of MENA Insurance Markets
LONDON--(BUSINESS WIRE)--AM Best will host a briefing focused on the insurance markets of the Middle East and North Africa (MENA) on 18 November 2024, at the Crowne Plaza Manama in Manama, Bahrain. The event is being held in association with the Bahrain Insurance Association. The Bahrain Insurance Association works to facilitate an exchange of information related to insurance and to create better insurance awareness for the various segments of the society. Stimulating education and training and improving the technical skills within the insurance industry. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.
Source:The North Africa Journal
October 09, 2024 17:00 UTC
BMW of North America is Back for the Rebelle Rally with the All-New BMW X3 M50 Following Last Year’s Podium Finish.
“I'm excited to return for my 8th Rebelle Rally and 2nd year with BMW, this time in the all-new BMW X3”, said driver Rebecca Donaghe. # # #BMW Group In AmericaBMW of North America, LLC has been present in the United States since 1975. The BMW Group sales organization is represented in the U.S. through networks of 350 BMW passenger car and BMW Sports Activity Vehicle centers,144 BMW motorcycle retailers, 104 MINI passenger car dealers, and 38 Rolls-Royce Motor Car dealers. BMW (US) Holding Corp., the BMW Group’s sales headquarters for North America, is located in Woodcliff Lake, New Jersey. Journalist note: Information about the BMW Group and its products in the USA is available to journalists online at www.bmwusanews.com , www.miniusanews.com and www.press.bmwna.com.
Source:The North Africa Journal
October 09, 2024 16:42 UTC
China backs peace in Africa area
Civil society workers arrange coffins of civilians killed during the clashes between M23 rebels and the Armed Forces of the Democratic Republic of the Congo (FARDC), at a mourning ceremony held at the Stade de l'Unite in Goma, North Kivu, Democratic Republic of Congo, September 2, 2024. The DRC now ranks second in the world for the highest number of displaced persons, following Sudan. China urges all armed groups in the region to "follow the spirit of the cease-fire agreement, silence the guns, stop the violence and maintain the momentum of de-escalation. He called for alleviating the humanitarian crisis and promoting common development in the region. "We are ready to work with the international community to contribute more to the lasting peace, development and prosperity in the Great Lakes region," said Fu.
Source:The North Africa Journal
October 09, 2024 16:32 UTC
It takes two: North Africa-Europe interconnectors could deliver 24 GW of clean energy - Rystad Energy
Wind power in Europe peaks during the winter while solar power peaks in the summer, offering a chance to balance power supply fluctuations. Noor I and II employ concentrated solar power (CSP) technology and 12-meter-tall mobile parabolic mirrors, while Noor III utilizes a solar tower. Additionally, Africa’s largest wind power projects are found in Egypt, notably the 580-MW Gabal El Zeit and 545-MW Zaafarana wind farms. North Africa also boasts significant wind potential, with wind speeds averaging between 7 to 10 meters per second. The timely completion of renewable energy projects in North Africa is primarily hindered by supply chain constraints.
Source:The North Africa Journal
October 09, 2024 15:51 UTC
Egypt’s Qardy partners Waseela to digitise consumer finance
Egyptian online lending marketplace Qardy has partnered consumer finance company Waseela to launch a digital consumer financing product. Since its launch, Qardy has established itself as a trusted partner for MSMEs and financial institutions, and now has over 1,000 corporate clients on its platform. Disrupt Africa reported in August the startup had secured a seven-figure US dollar pre-seed round of investment to help it expand, and it has now announced a partnership with Waseela, a consumer finance company licensed by Egypt’s Financial Regulatory Authority. “We are excited to announce our partnership with Waseela to launch consumer finance options for home finishing,” said Tamer El-Manasterly, COO of Qardy. “This partnership with Waseela marks a significant milestone for Qardy as we launch our first consumer finance product, dedicated to empowering individuals to realise their dream homes.”
Source:The North Africa Journal
October 09, 2024 15:49 UTC
How energy storage benefits businesses, beyond load shedding
Here are our top seven key benefits:1 Energy cost savingsBESS allows businesses to store excess solar energy generated during the day and use it during peak demand periods when electricity prices are higher. BESS allows the solar energy generated during the day to be stored and used when needed, optimising the use of renewable energy and reducing wastage. The key to navigating the energy landscape is proactive planning and investment in sustainable energy solutions. Having an understanding of international energy markets gives us relevance and longevity in what is actually still a young industry. Energy storage, when paired with solar energy, offers you a solution that goes way beyond merely managing load shedding.
Source:The North Africa Journal
October 09, 2024 15:25 UTC
TotalEnergies AFCON 2025 in Morocco: Everything you need to know
The countdown to the 2025 TotalEnergies Africa Cup of Nations (AFCON) has officially begun as the North African nation of Morocco prepares to host the continent’s premier football tournament for the second time in its history. Morocco was confirmed as the host nation on September 27, 2023, a decision that has been met with widespread enthusiasm. Key DatesThe 2025 AFCON is scheduled to begin on December 21, 2025, and will culminate with the final on January 18, 2026. These dates are crucial for fans and teams alike as they prepare for the most prestigious football tournament on the African continent. Morocco's Growing Football ReputationMorocco’s selection as the host for AFCON 2025 is no surprise given the country’s recent track record in successfully hosting major international football events.
Source:The North Africa Journal
October 09, 2024 15:13 UTC
Customer experience can drive African telecom shakeout – Intelligent CIO Africa
Customer expectations can be met by plugging advanced data analytics into the customer experience journey says Mirza Bukva at Infobip. Customer experience plays a crucial role in determining success in today’s interconnected world of modern telecommunications. Previously, pricing and network quality were the primary factors for customer retention, but now customer experience has emerged as equally important. Fundamentally, data-driven analysis plays a crucial role in improving customer satisfaction, and an enhanced customer experience ultimately aids in customer retention. By leveraging advanced analytics, AI, and ML, telecom enterprises can enhance customer experience, streamline operations, and unlock new revenue streams.
Source:The North Africa Journal
October 09, 2024 14:57 UTC
South Africa poised for LPG gas boom amid electricity price hikes
State-owned power utility Eskom’s plan to raise next year’s electricity tariff by 36%, the latest above-inflation rise, has prompted outrage and made imported or locally refined cooking gas look comparatively cheap. Last month LPG operator Petredec announced plans to set up South Africa’s first rail-supplied LPG project. Gas consumption rose to half a billion metric tons this year from 425,000 last year, Argus global statistical review figures show.
Source:The North Africa Journal
October 09, 2024 14:24 UTC
The Guardian view on Israel and Iran: there will be no winners from an all-out war
However, such a move might also drive up global oil prices and have an impact on American consumers just weeks before a crucial election. Washington’s sanctions have failed to stymie Iran’s oil exports, largely because China has been willing to defy Washington. With Beijing purchasing about 90% of Iran’s crude oil, an Israeli attack on Iranian facilities would have uncertain consequences. China could offset the loss of its 1.5m barrels per day of Iranian oil by turning to Saudi Arabia, which has ample spare production capacity. However, Riyadh, having recently restored ties with Tehran, is cautious about being drawn into a conflict between Israel and Iran.
Source:The North Africa Journal
October 09, 2024 14:24 UTC
Middle East, North Africa and Sub-Saharan Africa region
For more than a century, we've had a presence in Africa and the Middle East through our upstream and downstream operations. Energy development is more than just oil and gas production. It’s also about developing a local workforce and delivering long-term benefits to the communities in which we operate.
Source:The North Africa Journal
October 09, 2024 14:02 UTC
Senegal’s linguistic shift: Wolof challenges French dominance – The North Africa Post
Senegal, long considered a bastion of Francophonie in West Africa, is experiencing a significant linguistic shift. While French remains the official language, its influence is waning in favor of Wolof, the most widely spoken local language. Out of Senegal’s 17 million people, over 12 million speak Wolof, compared to around 4 million French speakers. This shift aligns with a broader trend in West Africa, where nations are reevaluating their relationships with France. In Senegal, the change has been gradual but noticeable, with increasing use of Wolof in advertising, academic settings, and literature.
Source:The North Africa Journal
October 09, 2024 13:49 UTC
Analysis of the $1.89 Trillion Leisure and Hospitality Construction Projects Market, Q3 2024 - Data on the Top 20 Projects per Region by Country, Stage, and Value of Projects
Dublin, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The "Project Insight - Global Leisure and Hospitality Construction Projects (Q3 2024)" report has been added to ResearchAndMarkets.com's offering. The report provides analysis on the construction projects, showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving country, stage, value of projects. The tracked pipeline of leisure and hospitality buildings projects consist of a total value of $1.89 trillion, decreasing marginally from $1.95 trillion in Q2 2024. This comprises hotel and resorts projects in addition to mixed-use developments that include a significant component of leisure and hospitality.
Source:The North Africa Journal
October 09, 2024 13:49 UTC