In a groundbreaking move towards sustainable energy, 117 countries have joined forces at U.N’s COP28 Summit to commit to tripling their renewable energy capacities. During the conference, representatives from nations across the globe pledged to significantly increase investments in renewable energy projects. The ambitious agreement sets a target to triple the current renewable energy capacity, a move applauded by environmentalists and experts worldwide. In addition to increasing investments, governments and financial institutions will need to address the high cost of funding that has hindered renewable energy projects in underdeveloped countries if they want to reach the objective of 10,000 gigawatts of installed renewable energy globally by 2030. The collective resolve of 117 nations to triple renewable energy capacities signifies a shared commitment to building a sustainable and resilient future, free from the detrimental impacts of fossil fuels.
December 05, 2023 09:24 UTC
South Africa is reeling from a major egg and poultry shortage caused by a severe outbreak of avian flu and the subsequent culling of millions of chickens. The outbreak has pushed farmers in one of the world’s biggest producers and consumers of the bird meat to fill supply gaps by sharing hatchlings, turning to farms in unaffected provinces and importing products whenever possible.
December 05, 2023 08:04 UTC
Portugal backs the EU accession bids of Albania, North Macedonia, and Montenegro, the office of outgoing Prime Minister António Costa stated on Monday following his three-country tour. Costa, who will govern as acting prime minister until the snap elections in March, visited Tirana, Skopje and Podgorica on Sunday and Monday to reinforce his country’s commitment to EU enlargement. After meeting North Macedonia Prime Minister Dimitar Kovačevski on Monday, he had lunch with Montenegrin Prime Minister Milojko Spajić in Podgorica. Speaking about his North Macedonia trip, Costa wrote on X: “I was able to witness North Macedonia’s strong commitment to the EU accession process in a challenging geopolitical context. Albania and North Macedonia were granted the opening of accession talks in July 2022, with Tirana’s negotiations set to start in late December, while Skopje remains waiting over a veto from Bulgaria.
December 05, 2023 06:14 UTC
December 05, 2023 05:48 UTC
DAKAR, Senegal, 4 December 2023 -/African Media Agency(AMA)/-Open Startup, a regional organization fostering innovation and entrepreneurship, is thrilled to announce the successful conclusion of the OST Program Senegal Bootcamp, held at La – DER, Dakar, Senegal, on November 18th and 19th. The Bootcamp marked a significant milestone as the first-ever implementation of the OST Program in Senegal, with a vibrant participation of 18 startups and 15 talented individuals. Key Highlights:Participants: The Bootcamp brought together 18 startups and 15 talented individuals from various sectors of Senegal’s burgeoning entrepreneurial ecosystem. About OST:Open Startup (OST) is a non-profit organization serving as a regional hub for startups in North Africa and the Middle East. Media contactEmail: firstname.lastname@example.orgThe post OPEN STARTUP: Successful kick-off of the 1st cohort of the OST Program Senegal with 18 Dynamic Startups in Dakar appeared first on African Media Agency.
December 05, 2023 04:47 UTC
Fast forward to the end of 2023, with the climate change conference under way amid high expectations for progress, 100 youth climate delegates made their way to Dubai through a programme led by Cop28 Youth Climate Champion Shamma Al Mazrui. Sara Badran - Lebanon"We're losing a cultural element of Lebanon, the cedar tree," said Lebanon's Climate Youth Delegate Sara Badran, 23. She recently graduated from the American University of Beirut with degrees in environmental science and food science management. I should be using that for the common good," said Morocco's Climate Youth Delegate to Cop28, Houyame Hakmi. But now that forest is no longer there," said Oumar Cisse, Mauritania's Youth Climate Delegate.
December 05, 2023 03:16 UTC
At the COP28 climate conference, EIB Global, the arm of the European Investment Bank for activities outside the European Union, signed a Joint Declaration on the Just Transition Investment Platform for North Macedonia. The Bank has significantly stepped up its engagement with the government, public utilities and the private sector in order to generate new projects in renewable energy, energy efficiency and energy infrastructure upgrades. These efforts have resulted in over €100 million in green investments signed for North Macedonia in 2023 and new technical assistance for sustainable projects. About the EIB:The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. For more information regarding the EIB’s projects in North Macedonia, visit North Macedonia and the EIB (https://apo-opa.co/3TrVxsv).
December 05, 2023 02:25 UTC
By Aminu Abubakar with Laurie Churchman in Abuja:An army drone strike accidentally hit a village in northwestern Nigeria killing dozens of civilians celebrating a Muslim festival, local authorities, the military and residents said on Monday. The army did not provide details or a death toll for the strike late Sunday in Tudun Biri village, Kaduna State, but residents said dozens were killed and wounded. “Muslim faithful observing Maulud were mistakenly killed and many others injured following a military drone attack targeting terrorists and bandits,” Kaduna State governor Uba Sani said, ordering an investigation. “We have so far identified 30 dead victims,” he said, speaking earlier on Monday. The Nigerian military blamed “lack of appropriate marking of the area” in a report issued six months later.
December 05, 2023 00:28 UTC
KADUNA, Nigeria, Dec 4 (Reuters) - Civilians were killed in Nigeria's northern Kaduna state following a military drone attack targeting insurgents and bandits on Sunday night, the state governor, a religious leader and witnesses said on Monday. Kaduna governor Uba Sani said Muslims taking part in Maulud celebrations in Tudun Biri village "were mistakenly killed and many others injured following a military drone attack targeting terrorists and bandits". Sani gave no indication of the numbers involved, but a religious leader put it at 50 dead and two witnesses said 80 had been killed. Sani's deputy had earlier called a security meeting that was attended by heads of security agencies, religious and traditional leaders to review the incident. Sheikh Rabiu Abdullahi, a religious leader who attended Monday's meeting told reporters that a suspected air strike had killed at least 50 people during a religious celebration.
December 04, 2023 20:10 UTC
Global law firm White & Case LLP has advised the Liquidity and Sustainability Facility (LSF) on a repurchase agreement (repo) transaction between the LSF, Abu Dhabi Investment Authority (ADIA) and the African Export-Import Bank (Afreximbank), on The Bank of New York Mellon's Triparty Platform, as part of its Global Market Infrastructure role, aiming to increase the liquidity of African Sovereign Eurobonds and incentivise investments under the Sustainable Development Goals (SDG), such as green bonds, in Africa. Designed with the support of the United Nations Economic Commission for Africa and Afreximbank, the LSF seeks to bring the benefits of a structured repo market to the African continent, with the goal of enhancing the liquidity of a diversified basket of Sovereign Eurobonds across 18 issuers. The LSF's objective is to contribute to addressing the gap in market participation for financing Africa's international sovereign debt, indirectly helping to promote a more stable repo market on the African continent. The LSF has a special focus on green and SDG-linked issuances. Press contactFor more information please speak to your local media contact.
December 04, 2023 20:01 UTC
Canon Central and North Africa (CCNA) is thrilled to announce a transformative change in its approach to partnership engagement. The goal was to transform the overall customer experience associated with Canon products, before, after, and during their interactions. In 2023, Canon has achieved significant milestones in its commitment to enhancing a comprehensive customer experience, working closely with its valued partners. Moreover, Canon’s strategic expansion into Togo and Benin strengthened its footprint in West Africa, highlighting its commitment to regional growth and accessibility. This transformation highlights the company’s commitment to expanding its reach and strengthening its position in the African market.
December 04, 2023 17:46 UTC
Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter. In his new post, Meek will work closely with Priyesh Pradhan, Professional and Financial Risk (PFR) Senior Underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific (APAC) region. Prior to joining Markel, Meek worked for the American Insurance Group (AIG) where he started out as an Assistant Underwriter, before being promoted to Underwriter in 2021. Meek will be situated at Markel’s Dubai office, reporting to Max Robbie, Senior Executive Officer at Markel Dubai. Robbie commented: “We are delighted to welcome Isaac to the team here at Markel Dubai.
December 04, 2023 17:27 UTC
Companies Arab Petroleum Investments Corp FollowDUBAI, Dec 4 (Reuters) - The Arab Energy Fund, formerly known as APICORP, plans to invest up to $1 billion over the next five years in decarbonisation technologies, the Middle East and North Africa-focused multilateral financial institution said on Monday. The planned investment and new name are part of a five-year strategy to 2028 to support the regional energy transition towards net-zero goals. "Our strategy involves diversifying investments by championing technological advancements for enhanced energy efficiencies and driving sustained decarbonisation efforts," Chief Executive of the Arab Energy Fund Khalid Ali Al-Ruwaigh said in a statement. The institution, which carries an investment grade credit rating from all the major ratings agencies, issued a five-year $750 million green bond after setting up a green bond framework in 2021. APICORP was established in 1974 by 10 Arab oil-exporting states.
December 04, 2023 16:50 UTC
Look out, too, for David Bedingham, Nandre Burger and Mihlali Mpongwana, who have cracked the nod for a senior international squad for the first time. Traditionalists who demand that the international game is always uppermost should be satisfied with that: it could have been worse. "But there's a mental toll to the pressures of a World Cup, and the scrutiny the captain comes under. The SA20 will be an important competition as far as the World Cup goes. There are three [T20Is] against West Indies prior to the World Cup, at the end of the IPL.
December 04, 2023 15:43 UTC
Fanack’s The Chronicle of the Middle East and North Africa (Fanack) and Fanack Water (Water) will be represented at COP28 in Dubai, functioning as an international/regional platform for balanced outreach and understanding. Fanack as a global online publication in Arabic and English, with a reach in the tens of millions, recognizes this time of risk for the region and world, as also a time to make the most of channels for dialogue both within the Middle East, and with the world. As the urgency of mitigating climate risks and adapting to emerging scenarios is increasing at a more visible pace, it is crucial to support genuine efforts toward goals that require generous cooperation from numerous and diverse parties. Follow Fanack in contributing to these efforts at COP28 from 3-10 December, and feel free to contact us here, www.fanack.com, for inquiries on high-level cooperation in our recognized platform. The Chronicle is founded on the belief that knowledge matters and facts count, and we will continue to deliver this message to benefit communities, governments and industry – all working toward an optimistic future.
December 04, 2023 15:04 UTC