Carmaker Stellantis pledges to tackle problems in North America as profits plunge
MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings. The carmaker, which was created in 2021 from the merger of Fiat-Chrysler with PSA Peugeot, reported net profits of 5.6 billion euros ($6 billion) in the period, down 48% compared with 11 billion euros in the same period last year. Revenues in the period dropped 14% to 85 billion euros. The company reported adjusted operating income of 8.5 billion euros ($9.23 billion), down 5.7 billion euros from the first half of last year. In North America, Tavares said the company let inventory get too high, and plans to fix that in the first half didn’t work.
Source:The North Africa Journal
July 25, 2024 10:32 UTC
African entrepreneurs invited to apply for $9k UK-run Young Innovators Programme
Innovate UK Global Alliance Africa was founded to build new and stronger UK-African partnerships to maximise the creation of inclusive market access, funding and investment opportunities through innovation knowledge transfer. The winner of the programme, designed to inspire and support the next generation of innovators, will take home GBP7,000 to help provide access to innovation support including mentorship, training and startup capital. “We are thrilled to announce the return of the Young Innovators Programme, which builds on the success of last year’s edition. We are looking forward to an even better programme this year,” said Innovate UK country lead Joshua Adedeji. “Our commitment remains resolute: to empower young innovators in Ekiti State by providing them with the essential resources and support needed to turn their groundbreaking ideas into reality.”Applications are now open here.
Source:The North Africa Journal
July 25, 2024 09:05 UTC
Olympics: Morocco beats Argentina 2-1 in a dramatic game – The North Africa Post
Morocco’s Olympic football squad stunned Argentina 2-1 in a match that was marred by referral dysfunctions. Morocco opened the score and led the match 2-0, before Argentina netted a goal and was struggling for an equalizer. Some of whom entered the pitch and throw bottles. The game has been described as an embarrassment for the Olympics opening football championship. After a well-deserved precious three points in the game against Argentina, the Atlas Lions will face Ukraine on July 27 and Iraq on July 30.
Source:The North Africa Journal
July 25, 2024 08:53 UTC
Plotting a course for universal electricity access in Uganda
Paul Mwesigwa, Managing Director of Uganda Electricity Distribution Company Limited, provides an overview of the energy landscape in the East African country. He said one of the challenges that utilities across Africa faces is ageing infrastructure, “so we have to look at what plans are there for infrastructure renewal modernisation.”“(Uganda) has modelled concepts now and we are looking at a financial sustainability model that in the next five to 10 years we shall be in a position to go through government agencies… to create self-sustainability. “If we foresight generation plans increasing, then on the side of transmission and distribution we make sure that we are establishing an investment plan that would be in position to evacuate all the energy to the right point.”Mwesigwa said Uganda is targeting universal electricity access by 2030 as per the country’s development plan. This interview took place at Enlit Africa.
Source:The North Africa Journal
July 25, 2024 08:01 UTC
World hails success of historic Palestinian unity declaration
The declaration on ending division and strengthening unity was signed on Tuesday after three days of reconciliation talks among 14 Palestinian factions, including rivals Hamas and Fatah. United Nations Secretary-General Antonio Guterres "very much welcomes" the signing of the declaration by Palestinian factions, UN spokesman Stephane Dujarric said in New York on Tuesday. Malaysian Prime Minister Anwar Ibrahim wrote on social media platform X that the declaration signed in Beijing "represents a promising step toward achieving Palestinian solidarity, so crucial for realizing the rights of the Palestinian people". He commended "the government of the People's Republic of China for facilitating talks" among Hamas, Fatah and 12 other Palestinian factions. The Foreign Ministry of Turkiye welcomed in a statement the gathering of Palestinian factions in Beijing and "their acceptance of a declaration aimed at achieving national unity", according to Turkiye's Anadolu Agency.
Source:The North Africa Journal
July 25, 2024 07:32 UTC
SA’s Quicket acquired by world’s leading ticket marketplace Ticketmaster
South African startup Quicket, a pan-African self-service ticketing platform founded in 2011, has been acquired by Ticketmaster, the world’s leading ticket marketplace, in a move aimed at further supporting the rapidly growing live events market across the continent. An alumni of the Grindstone accelerator programme, and backed by KNF Ventures, Quicket has expanded operations in Nigeria, Uganda, Kenya, Zambia, and Botswana. Ticketmaster, meanwhile, is the world’s largest ticket marketplace and the global market leader in live event ticketing products and services. Partnering with Quicket will supercharge our mission to elevate Africa’s dynamic live events to the global spotlight they truly deserve. “The founders built a resilient, capital efficient, high-growth African business, and it is awesome of Ticketmaster to recognise that.
Source:The North Africa Journal
July 25, 2024 06:42 UTC
South Africa Courier, Express and Parcel Services Industry Report 2024, with Profiles of 25 Companies Including UPS, Fedex, DSV, RAM, DPD Laser, Courier Guy and PostNet - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Courier, Express and Parcel Services Industry in South Africa 2024" report has been added to ResearchAndMarkets.com's offering. This report covers courier, express and parcel activities offered by postal operators and the South African Post Office. Market InsightsEcommerce is the leading contributor to courier, express and parcel demand in South Africa. According to the South African Express Parcel Association, the express parcel industry is the fastest-growing transport-related sector in the country. Companies FeaturedAramex South Africa (Pty) LtdBidair Cargo (Pty) LtdBusiness Express Of South Africa (Pty) LtdCourier Guy (Pty) Ltd (The)DHL International (Pty) LtdDPD Laser Express Logistics (Pty) LtdDSV South Africa (Pty) LtdEPX Courier Services (Pty) LtdFedex Express South Africa (Pty) LtdFreight Innovations (Pty) LtdGroupair (S A) (Pty) LtdInternet Express (Pty) LtdIsicabucabu Franchising (Pty) LtdLaser Group (Pty) Ltd (The)Pargopoints (Pty) LtdPostnet Southern Africa (Pty) LtdRam Transport (South Africa) (Pty) LtdRTT Group (Pty) LtdSeabourne Inxpress (Pty) LtdSkynet South Africa (Pty) LtdSouthgate Courier Service CCSuid-Afrikaanse Poskantoor Soc LtdSuper Group Trading (Pty) LtdTakealot Online (Rf) (Pty) LtdUPS SCS South Africa (Pty) LtdValue Logistics (Pty) LtdKey Topics Covered:1.
Source:The North Africa Journal
July 25, 2024 04:27 UTC
Air India Plans North America Destination Growth
“But Mumbai has been grossly underserved by us—that’s partly the fault of Air India but it's also because of airport capacity. Navi Mumbai International Airport is expected to handle 20 million passengers initially, rising to 90 million once future phases have been completed. Additionally, Air India in April signed an agreement to develop a connecting hub at Bengaluru’s Kempegowda International Airport (BLR). From a geographical perspective, it also allows for connected flows from Africa, Middle East, Asia and Australasia.”Earlier this week, Air India LCC subsidiary Air India Express launched nonstop service from BLR to Abu Dhabi, marking the airline’s first international service from the city. On Air India’s North America plans, Wilson said: “In the US, we've added a lot of capacity into San Francisco—we’ve inaugurated Mumbai-San Francisco and Bengaluru-San Francisco—and have added capacity to New York.
Source:The North Africa Journal
July 25, 2024 03:45 UTC
Southern Ethiopia landslide kills 230 people – The North Africa Post
Two mudslides in southern Ethiopia left at least 230 people dead, following heavy rain as chances thin to find survivors. Most deaths were caused by the first landslide, followed by a second that killed people who were trying to rescue survivors, local media reported. Landslides are common during Ethiopia’s rainy season, which started in July and is expected to last until mid-September. Floods triggered by heavy rains have displaced thousands of Ethiopians in recent months, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in a report last month. At least 43 people died from floods and landslides last year, OCHA said in November.
Source:The North Africa Journal
July 25, 2024 03:06 UTC
North American Work Trucks Market Report 2024, Featuring Key Players Blue Bird, Cummins, Ford, Freightliner Trucks, GM, NFI Group, Oshkosh, Penske, Ram Trucks and Tesla - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "North American Work Trucks: Products, Markets, Players, Key Performance Indicators" report has been added to ResearchAndMarkets.com's offering. The report provides a comprehensive overview of the North American market for work trucks, including products, market dynamics, key players, and performance indicators. The report covers the North American market (U.S., Canada, Mexico) for work trucks, which are specifically designed for commercial tasks. Market OverviewThe North American work truck market is mature and grows at the rate of real GDP (1%-3% per year). Key Performance IndicatorsMost work truck companies are performing well off their 52-week lows.
Source:The North Africa Journal
July 25, 2024 03:03 UTC
London International Awards announces the 2024 Integration and Direct Jury
| BY Adam Shaw |London International Awards (LIA) has named Susan Credle, Chair of FCB and Creative Advisor to IPG as Jury President for Integration, as well as the inaugural Direct competition. The Integration and Direct Jury will also feature Ali Rez, Chief Creative Officer for Middle East, North Africa and Pakistan, IMPACT BBDO Dubai and Fan Ng, Chief Creative Officer at BlueFocus China. Credle and her elite jury members will view every piece of work entered in the Integration and Direct competitions. In accepting this role as Jury President, for both Integration and Direct, Credle said, “The jury room is only as good as the jurors in that room. The Integration and Direct Jury this year is outstanding.
Source:The North Africa Journal
July 25, 2024 00:13 UTC
How Will AI Transform Customer Service in the Future?
Generative AI has recently taken center stage as a transformative tool for businesses, particularly in customer service. Customer service and communication are already leading applications for generative AI. According to The SA Generative AI Roadmap, 96.7% of businesses are either using, planning to use, or considering AI chatbots. Tailoring customer service strategies to meet diverse customer needs is vital, rather than creating internal processes merely for convenience. Rather than replacing customer service, AI can significantly enhance it.
Source:The North Africa Journal
July 24, 2024 23:51 UTC
Canon Central and North Africa Celebrates Success of “Women Who Empower” Program in Nigeria – THISDAYLIVE
In a groundbreaking partnership, Canon, a global leader in imaging solutions, has successfully concluded its “Women Who Empower” initiative in collaboration with WISCAR (Women in Successful Careers) in Nigeria. The month-long program aimed to equip women with valuable skills and knowledge in the print and imaging industries. The initiative consisted of three modules: printing, photography, and content creation, each designed to empower the 15 participants. “Our partnership with Canon has been a resounding success, empowering women in the print and imaging industries,” said Mrs. Amina Oyagbola, Founder and Chairperson of WISCAR. The “Women Who Empower” campaign marks a significant milestone in empowering women in the printing and imaging sectors.
Source:The North Africa Journal
July 24, 2024 23:06 UTC
Climate Change Act now a reality in South Africa
In South Africa, President Cyril Ramaphosa has signed into law the Climate Change Act which spells out the country’s national climate change response. The South Africa Climate Change Act enables the alignment of policies that influence the country’s climate change response. Presidential Climate CommissionThe Climate Change Act also spells out the functions of the Presidential Climate Commission (PCC). Setting up the legal framework to respond to climate change“Our Parliament has adopted a Climate Change Bill [and] since 2011, when we outlined South Africa’s response to climate change in our National Climate Change Response White Paper, we have been putting in place the components of an integrated response. FAQs on Climate Change Act in South AfricaIs it a Climate Change Act or Bill?
Source:The North Africa Journal
July 24, 2024 22:34 UTC
Suspected Islamists kill at least 17 civilians in east DR Congo
The attack targeted residents of the town of Oicha in Congo’s North Kivu province, a mineral-rich area that has been plagued with militia violence left over from a civil war that ended at the turn of the century. The victims were tending crops around 20 km (12.43 miles) west of the town.
Source:The North Africa Journal
July 24, 2024 21:20 UTC