project

In a bid to bolster its maritime industry and echo the strides it has made in automotive manufacturing, Morocco is searching for private operators to manage what will soon be Africa's largest shipyard. This ambitious plan comes under a 30-year management contract. Reflecting on Morocco's automotive sector, one might ask: Can the success of its thriving car manufacturing industry serve as a beacon for this maritime venture? Just earlier this week, the state-run National Ports Agency (ANP) ushered in a critical phase. It…

Financing energy projects is never a straightforward art. Each endeavor is a mosaic of stakeholders with varying interests. Among the financiers of the East African Crude Oil Pipeline (EACOP), we find notable names such as Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and Saudi Arabia's Islamic Corporation for the Development of the Private Sector. One can’t help but wonder, how do so many distinct entities find common ground? "The successful closing of this first tranche represents a significant…

Imagine a world where communication is not just fast, but impossibly secure. Recent strides in science are ushering us towards this reality. A collaboration that truly stretches our imagination, and the boundaries of traditional communication, has scientists from China and South Africa working hand in hand. They've achieved a groundbreaking milestone—establishing the world’s longest intercontinental quantum satellite communication link, traversing a staggering 12,900 kilometers between the two countries. Just…

The Longest Quantum Communication Link: A Leap into the Future Innovation knows no boundaries, a notion underscored by the collaboration between brilliant minds spanning continents. Picture this: scientists hailing from China and South Africa, uniting their expertise to forge what is now celebrated as the world's longest intercontinental quantum satellite communication link. This monumental connection stretches a staggering 12,900 kilometers, symbolizing not just a technological triumph but a testament to human ingenuity…

Empowering Through Water: A Community's Journey in Southern Ghana Water – it's the most basic of elements, yet it holds the profound power to transform lives. In Southern Ghana, a recent initiative has demonstrated just how impactful a single borehole can be for the inhabitants of Atimatim and the areas surrounding it. The unveiling of this borehole marks a substantial stride forward in tackling water scarcity, a struggle that has long defined the community's daily toil. The question is, can this…

Stuart Young, the Acting Prime Minister of Trinidad and Tobago, recently highlighted a major factor that set Nigerian oil company Oando apart from other bidders vying for ownership of the Guaracara Refinery. Their robust financial backing, evidenced by their ability to secure sizable investments in the upstream oil sector, gave them an undeniable advantage. But what does it really mean to have such financial muscle, and how does it influence a bidding process? Young, who also serves as the Minister of Energy,…

The British government has officially announced plans to demolish Grenfell Tower in London, a structure forever marred by the devastating fire of 2017. This catastrophe, which quickly engulfed the building due to its highly flammable cladding, claimed the lives of 72 individuals, leaving families shattered and a community in mourning. In a process that promises to take approximately two years, the tower will be dismantled “carefully,” reflecting a nuanced approach to this sensitive undertaking. However, the decision has not…

Mogadishu (AX) — Someday in a sprawling Mogadishu neighborhood, the wheels are already in motion for a bold endeavor — a dazzling residential development sprouting 50,000 homes in the Kaaraan zone. This isn't just an architectural venture; it's a mission to breathe life into the heart of Somalia's beachside cityscape. President Hassan Sheikh Mohamud has stirred the initial beat of the project drum at this delightfully dubbed "Pearl Beach" initiative, heralding an era of rejuvenation where Mogadishu meets the sea.Bankrolled…

Construction of $215M Road Linking Somalia and Ethiopia Faces Delays Over Security Issues NAIROBI, Kenya - Engineers in Kenya have hit the brakes on the construction of a major road intended to bolster connections between Kenya, Somalia, and Ethiopia due to escalating insecurity in the northeastern region. A spike in Al-Shabaab attacks is largely to blame. This 740-kilometer stretch of road aims to enhance regional socio-economic activities, particularly significant as Somalia recently joined the East African Community…

The U.S. government is gearing up to embark on a significant railway initiative that extends from Angola to the Indian Ocean, passing through Tanzania. This ambitious venture, known as the Lobito Corridor, aims to create vital connections among various African nations, facilitating access to global markets while “bolstering regional trade and stimulating economic advancement.” On her latest visit to the area, Helaina Matza, the U.S. acting Special Coordinator for Partnership on Global Infrastructure and Investment, focused…