The European Union has provided Mauritania with a €10.5 million grant as the European bloc expressed keenness to support the North African country in many areas including the fight against illegal migration. Mauritanian Justice Minister Mohamed Mahmoud Ben Abdoullah Ben Baya who also doubles as the country’s interim Foreign Minister signed the deal with Vice-President of the European Commission Margaritis Schinas, on Wednesday October 11, Mauritania’s State-run news agency AMI reports. The agency did not provide further details of the deal but said both sides discussed all issues of common interest, including those related to irregular migration. Schinas also stressed the EU’s commitment to support Mauritania. Mauritania, due its geographical position, has become an important transit site for migratory movements, including for irregular migrants journeying to Europe, the International Organization for Migration (IOM) notes.

Authorities in Slovakia have announced that temporary controls at the country’s border with Hungary will be extended until November 3, at least. Given the problem with illegal migration continues …, it is proposed to continuously extend the temporary renewal of internal border controls with Hungary from October 15 to November 3, 2023. The reintroduction of border controls has become a practice often used among the EU countries to halt irregular migration, especially among Slovakia’s neighbouring countries. Recently, the Deputy Minister of Internal Affairs and Administration, Maciej Wąsik, said that such measures have improved the migration situation. It seems that the introduction of border control itself improved the migration situation.

King Mohammed VI has called for strengthening the spirit that drives multilateralism to preserve the world’s stability and peace, stressing the need to boost synergies to address common global climate and socioeconomic challenges. At the domestic level, and since the early 2000s, “we have implemented major social and economic reforms in Morocco as well as a large-scale infrastructure program. Morocco has adopted a balanced economic policy that serves human development. “I have made the latter a foremost priority since I ascended the throne, and this policy has been reinforced since the Covid-19 pandemic. In this regard, I have launched an unprecedented project to achieve universal access to social protection,” said the King, citing the benefits of this policy.

South Africa’s Revio, a payment orchestration platform that helps merchants optimise their order to cash lifecycle, is making waves in addressing payment failures across Africa, and is planning major expansion after banking US$5.2 million seed funding. Revio is a Africa-focused payment orchestration platform that minimizes the complexity, cost, and risk of payment operations, to help merchants reach and retain more customers. “Through a single API, Revio brings transparency to merchants’ payment stacks and optimises revenue operations with data-driven recovery workflows. This unique platform positioning enables Revio to collaborate rather than compete with payment gateways, and provide access to previously untapped customer segments,” Botha told Disrupt Africa. “Payment orchestration is relatively nascent as a concept, especially in emerging markets.

Israel’s military on Friday (Oct. 13) directed the evacuation of northern Gaza, a region that is home to 1.1 million people within 24 hours, a U.N. spokesman said. U.N. spokesman Stéphane Dujarric called the evacuation order “impossible” without “devastating humanitarian consequences.”As Israel pounds Gaza from the air in retaliatory action, Hamas militants have fired back thousands of rockets. Israel said it needed to target Hamas’ military infrastructure, much of which is buried deep underground. Israel says roughly 1,500 Hamas militants were killed inside Israel, and that hundreds of the dead in Gaza are Hamas members. Analysts fear Israel's evacuation order could signal an impending ground offensive.

Demonstrators on Thursday gathered on the sidelines of the annual meeting of the IMF and World Bank in Marrakech to protest against the two institutions who they say are guilty of fuelling inequality. At a "People’s Alternative Global Tribunal" organised in the Moroccan city, activists testified about how the policies of the international financial institutions impacted their countries. The court, organised by the activist group Fight Inequality, found the international financial institutions "guilty of fuelling inequality by colluding with the financial sector and powerful multinational corporations". In the verdict read by Bhumika Muchhala, a researcher and analyst who advises developing nations on sustainable development, the tribunal called the World Bank and International Monetary Fund "the biggest scam of the century". The World Bank provides development aid but is often seen as a slow and cumbersome lender.

This growth is being driven by falling device prices and increasing availability of mobile internet services. This growth is being driven by falling device prices and increasing availability of mobile internet services. There are now 4.6 billion mobile internet users worldwide, up from 4.3 billion in 2022. There are now 4.6 billion mobile internet users worldwide, up from 4.3 billion in 2022. ConclusionThe GSMA’s Mobile Internet Connectivity Report for 2023 provides a valuable overview of the state of mobile internet adoption and usage around the world.

The EBRD is reviewing the provision of a sovereign loan of up to €165 million (around $173.8m) to Egypt to finance the upgrade and reinforcement of the electricity transmission grid. Renewables rollout onto the Egypt electricity grid is stymied by ageing infrastuctureThe project will be the first grid investment under a $2bn investment programme to be implemented by the Egyptian Electricity Transmission Company (EETC) under the NWFE initiative. It is meant to unlock Egypt’s renewable energy potential by unblocking one of the main obstacles holding back the roll-out of more renewables in the country. 60% of the loan will be used to finance the overhead transmission line, and the other 40% to finance the upgrade of the substations. Though, that overhead line is generally distant to residential areas.

Formerly known as Mousseau West, Northern acquired the Mousseau property in October 2022. The land package was increased earlier this year with the inclusion of the Mousseau East property. The Mousseau deposit outcrops at surface making it suitable for open pit mining. “Early test work indicates concentrate grades of +95% and recovery of 90%. We believe the next phase of drilling will expand resources further at Mousseau.”

By LoadstarEditorial 12/10/2023TRADEWINDS reports:Gianluigi Aponte’s MSC Group has — perhaps inadvertently — revealed its financial performance for the first time. The holding company of the world’s largest liner company reportedly made €36.2bn ($38.4bn) in profits last year. The number has been widely published by Italian media outlets after MSC announced the purchase of around half of high-speed Italian train operator Italo. Turnover of the MSC Group was €86.4bn in 2022, according to Il Messaggero, which first reported the accounts. Medium to long-term debt is put at €26bn…The full story can be found here.

In the short term, the European Investment Bank’s most pressing priority in North Africa is to lend support to the victims of Morocco’s devastating earthquake. Longer term, the EIB’s aim in North Africa is to support sustainable development. This was the first project signed under the EU-Morocco Green Partnership and underscored the EIB’s commitment to supporting Morocco’s transition to low carbon, sustainable mobility. Eighty-six percent of Moroccan respondents to the EIB’s 2022 Climate Survey said climate change was already affecting their everyday lives. Supporting small and medium-sized enterprises is an essential component of the EIB’s commitment to sustainable development and has informed much of its lending in North Africa.

North Africa is one of the most important regions for the European Investment Bank’s financing outside the EU, and one where it sees great potential for funding sustainable development. In this special podcast supported by the European Investment Bank from Marrakech, which is hosting the World Bank and IMF annual meetings, Ricardo Mourinho, the EIB vice-president responsible for Morocco and Tunisia, explores the Bank’s activities in the region. The EIB’s involvement is also deepening, with recent investments spanning renewable energy, water, sanitation, education and health. In the immediate aftermath of the September earthquake, the EIB first worked with the Moroccan authorities to repurpose existing investments, and then pledged €1bn to the reconstruction programme. Mourinho emphasises that “the future is green”, so the EIB will not fund projects that are not Paris Agreement-aligned.

North America commands the largest stake in the DNA synthesis market, boasting a substantial 41.0% share during the forecast period. European Advancements in DNA Synthesis” As reported by FMI, Europe is poised to be a fertile ground for DNA synthesis, projecting a substantial 31.4% share during the forecast period. https://www.futuremarketinsights.com/reports/sample/rep-gb-5900Positioned to attain a value of US$2,898.3 million in 2023, the DNA Synthesis Market is primed for a remarkable ascent, projecting a substantial leap to US$9,999.6 million by 2033. The synthetic biology segment is a primary growth driver of the DNA synthesis market and accounts for a major share. The DNA synthesis market in Europe will likely hold 27.9% of the overall market share.

Company LogoDublin, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The "Data Center Construction Projects Overview and Analytics by Stages, Key Countries and Players, 2023 Update" report has been added to ResearchAndMarkets.com's offering. This report provides a detailed analysis of data center construction projects globally,The report tracked a global pipeline of large-scale data center projects with a total value of US$300.3 billion. The pipeline of projects is evenly balanced, with 53% in the pre-execution and execution stages, and 47% in the early stages of pre-planning and planning. ScopeThe report provides analysis based on the publisher's 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 European Bank for Reconstruction and Development (EBRD) is joining efforts with Moroccan Ministry of Energy Transition & Sustainable Development to accelerate the decarbonization of the electricity sector in Morocco. Cooperation will focus on accelerating renewable energy deployment, strengthening the electricity network, rolling out energy efficiency solutions across sectors and developing an open and well-functioning electricity market. For over a decade, the EBRD has been supporting the decarbonization of the Moroccan energy sector and its green energy transition through direct and indirect financing. According to a WB report on funding energy transition in the power sector, Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050. Morocco’s energy transition will lead to a transformation of power sector infrastructure.