The West African Development Bank has approved a $24 million loan for the construction and operation of a 30MW solar PV power plant with a 15MW/45MWh energy storage system in Senegal. The PV solar power project is to be developed by Teranga Niakhar Storage, Energy Resources Senegal (ERS) and Climate Fund Managers (CFM). According to the Emerging Senegal Plan, the government’s main energy sector priorities are to diversify energy sources. Senegal: 2-year service agreement signed for thermal generation plantDue to dependence on expensive liquid fuels for 90% of power generation, Senegal has some of the highest generation costs in Africa, says the International Trade Administration. Meanwhile, Senegal is looking beyond solar power plant to gas for diversificationMeanwhile, the Senegalese government is constructing the largest power plant in the country with an installed capacity of 366MW in a combined bimodal gas and steam cycle.

With inflation figures climbing to another record high, Egypt decided to cut prices on staple foods in a move that is likely to only offer a temporary respite. For the fourth successive month, Egypt’s annual urban consumer price inflation reached an all-time high, accelerating to 38% last month, up from 37.4% in August. Sign up Also receive offers from The Africa Report Also receive offers from The Africa Report's partners“Prices were high because merchants had to resort to the back market to get the necessary dollars for their imports. Temporary solutionAnalysts argue that such measures can only offer temporary solutions, with the root causes of Egypt’s economic crisis not yet addressed. “The initiative comes in view of the presidential elections … this happens every election as a kind of propaganda.

The issue of Israel’s occupation of Palestine reared its head at the Qatar World Cup and will do so again in 2030. Read more: Morocco at the 2022 World Cup: 6 forces behind a history-making performanceAt the 2030 Fifa World Cup, the issue will likely be handled differently. Western SaharaMorocco will also undoubtedly use the 2030 cup to strengthen its position around the former Spanish territory of Western Sahara. Read more: Western Sahara: the six-decade struggle to liberate Africa's last colonyMoroccan authorities will most likely use the World Cup to assert control over Western Sahara and promote the region’s tourist potential. Algeria, home to the Polisario, may decide to boycott Morocco’s hosting of the 2025 Africa Cup of Nations football tournament and the 2030 World Cup.

The attack in southern Israel this weekend by Hamas and other militant Palestinian factions from Gaza has delivered another shock to a fragile global order. Even as Israeli forces retook lost territory and unearthed horrific war crimes committed against Israeli civilians, Israel was already launching airstrikes on targets in Gaza whose brutal impact is in turn being felt mainly by Palestinian civilians. In the first hours and days of the carnage unfolding in southern Israel and Gaza, much of the focus was on developments on the battlefield. Widespread support for a punitive land offensive into Gaza to crush Hamas will forge a degree of unity, at least temporarily. Faced with such a grim social context, it is difficult to imagine how both societies can escape the radicalization cycles in which they have become trapped.

Delegates attend the Human Rights Council at the United Nations in Geneva, Switzerland Sept 11, 2023. China's re-election reflects the international community's recognition of not only its achievements in protecting and promoting human rights at home but also its contribution to improving global human rights governance. That those anti-China elements and self-proclaimed champions of human rights are also trying to use human rights as a tool to fulfill their narrow ends could not be a coincidence. As China advocates, how human rights should be protected and improved in different countries should not be determined by just using the Western yardstick, for human rights concepts and practices differ from country to country. Although China's concept of human rights is starkly different from the West's, it remains committed to taking concrete actions, rather than indulging in empty talk, to make global human rights governance fairer and truly inclusive.

Tropical Storm Sean formed Wednesday from a system off Africa that’s headed generally west toward the central Atlantic, and there’s another system not far behind. As of Wednesday, Sean was located roughly 815 miles west-southwest of Africa’s Cabo Verde Islands in the far eastern Atlantic. It was moving west-northwest at 13 mph with maximum sustained winds of 40 mph, just 1 mph over the minimum threshold for a tropical storm. So far this season in the Atlantic, there have been 18 named storms, six of which were hurricanes. Hurricane season officially runs through Nov. 30.

The new platform will build and support sustainable food production and distribution systems in Africa, contributing to skills development, job creation, and food security, the International Finance Corp (IFC) and Morocco’s OCP Group said in a joint statement. However, Africa currently imports a large proportion of its food, reducing the continent's resilience to external shocks. "The partnership between IFC and OCP is working to unlock the full potential of Africa to feed not only itself but the world," Mostafa Terrab, Chairman and CEO of OCP Group, said. "Agriculture is a critical sector for Africa, and we are thrilled to scale up our partnership with OCP to improve food production and attract investment to the continent", IFC Managing Director, Makhtar Diop, said. Diop noted that both IFC and OCP Group will commit resources to grow the platform as well as seek potential investors to join the project.

Liberia President George Weah, a former professional footballer, faces Joseph Boakai at the ballot box on 10 October for the first round of the presidential election, hoping to convince the voters who overwhelmingly supported him six years ago. Although his first term ends with a mixed record, “Mister George” remains “the most popular Liberian of his generation,” according to analyst Ibrahim Al-Bakri Nyei. Thanks to the coach of the Indomitable Lions, Weah crossed paths with Arsène Wenger, manager of AS Monaco. It was with this club that Weah began his career in France where he built a reputation as an unmatched goal scorer. Disarming child soldiersHis exploits – including a legendary goal

Profile AccentureGlobal consulting and technology giant Accenture has booked its 13th consecutive year of growth, lifting its revenue to over $64 billion in its latest financial year. The Strategy & Consulting division realised revenues of $14 billion, while Operations contributed $10 billion to the overall total. In Europe, growth was up 11% in local currency terms to $21.3 billion, with the firm’s Growth Markets division the fastest grower (12%). Accenture traces its roots to professional services giant Arthur Andersen, operating as the firm’s business and technology consulting division from the early 1950s. In the 1990s, Arthur Andersen and Andersen Consulting went separate ways, and in 2001, Andersen Consulting continued as an entirely independent business following an IPO.

The International Financial Corporation, member of the World Bank, announced on Tuesday financial support for Moroccan projects destined to enhance food security, access to finance, sustainable agriculture, and construction. The announcement was made during the WB-IMF annual meetings taking place in Marrakesh with the participation of 14,000 delegates including central bankers, ministers of finance and development, private sector executives, civil society, media and academics. The funding supports sustainable agriculture in Morocco, including in the region affected by the earthquake. The International Financial Corporation also announced a €10 million equity investment, in partnership with Mediterrania Capital, in Moroccan financial services provider CASHPLUS to foster financial inclusion in the country. “As we mark 60 years of partnership with Morocco, IFC is also fully committed to playing a pivotal role in the recovery and reconstruction efforts as the Kingdom rebuilds from last month’s earthquake”, he added.

from AHMED ZAYED in Tripoli, LibyaLibya BureauTRIPOLI, (CAJ News) – ONE month after the devastation by Storm Daniel in Libya, the need for mental health care is becoming even more acute. The World Health Organisation (WHO) estimates that at least one in five people will suffer from mental health conditions such as depression, anxiety and post-traumatic stress disorder in the aftermath of a major emergency like Storm Daniel. Mental health services were one of the top three priorities – along with safe water and primary health care services ­– identified by an interagency assessment team that visited eastern Libya in the early days of the disaster. WHO is working with the authorities to make sure that people can obtain basic mental health support in primary health care facilities and community centres. “However, some people in acute distress will require specialized psychological and psychiatric care,” Zouiten said.

“Companies in the region’s oil and gas sector are confronted by a singular question: is there a future beyond the barrel? “The oil and gas sector is absolutely critical to West African economies. Adewumi said while the world was transitioning away from fossil fuels, the oil and gas sector would continue to play a vital role in the continent’s economic growth. “The oil and gas sector will be central to supporting the continent’s growing energy demands. He said there were abundant digital transformation opportunities for the oil and gas sector provided they embraced readily available technology.

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That includes human migration—or, to be more specific, weaponized migration. Unless policymakers address the underlying dynamics that enable weaponized migration, the use of this tactic is likely to persist and expand, Judge Petty says. For investors, this is a sign that Europe is keenly aware of the risks and is looking to mitigate them. It's also wise to diversify investments across sectors and regions, hedging against potential disruptions such as weaponized migration. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.

Egypt’s tourism sector witnessed double-digit growth for the fiscal year 2022-2023, surpassing its pre-COVID-19 numbers, to reach $13.6 billion in revenue over the period. The numbers further revealed that tourists visiting the country surged by 35.6% over the same period, reaching approximately 13.9 million. Egypt’s tourism industry witnessed record highs in 2019 with 13 million visitors and $13 billion in revenues, before the COVID-19 pandemic hit. The sector is a vital one for Egypt’s economy, making up about 12% of the country’s annual GDP. The country has now set a target to attract 30 million tourists by 2028, with plans to draw in tourism investments and expand on its hotel pipeline.