Category Archives: World News

World News

DEAL 2017 to Spur Amusement Industry in Africa.

DEAL 2017

African millennials are changing their consumer spending patterns, from markets to malls, where they can eat, socialize and get entertained at Family Entertainment Centers (FEC) apart from shopping. Also there have been key amusement parks in Egypt, Nigeria, Tunisia and South Africa which have enticed people around the African region. DEAL 2017 will bring to Africa the largest show in the amusement industry and will provide an effective platform for the stakeholders within the African entertainment and amusement sector, as per International Expo Consults – the organizers of the show. In the wake of growing developments in the African region, it is essential for shows like DEAL to bring key players of the amusement and leisure industry to converge at a focal point to showcase ingenious products which can benefit the market. African tourism has seen a boost is simultaneous to the economic growth being experienced across many parts of the continent. Reports predict that direct contribution of Travel & Tourism to GDP will increase by 4.8% per annum, to USD121.3bn which is approximately 3.2% of GDP by 2026.

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Clean Energy West Africa Summit Confirms Workshop for Ecowas-Based Clean Energy Start-Ups

In partnership with the Climate Innovation Center, Ghana, the Clean Energy West Africa Summit will host the first incubator workshop in April which will look at how entrepreneurs can build, develop and sustain clean energy businesses.

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European Regulators Join African Banks to Discuss Economic and Financial Stability

Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. These institutions are occupying a space created by the retreat of several global bank groups from Africa in the wake of the crisis. African banks headquartered from Morocco to South Africa have each established business operations in at least 10 countries. Ecobank, headquartered in Togo—is present in more than 30 countries on the continent.

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Stick Man Sweeps Four Kidscreen Awards

Stick Man

Stick Man, Triggerfish Animation Studios collaboration with Magic Light Pictures, won four awards at the Kidscreen Awards this week, making it the most awarded animation on the night. Stick Man beat Shaun the Sheep: The Farmer’s Llamas and Bruno & Boots: Go Jump In The Pool to win Best One-Off, Special or TV Movie for Kids. The 26-minute short film also took home Best Direction for Jeroen Jaspaert and South African co-director Daniel Snaddon; Best Music; and Best Design. Triggerfish Animation Studios is a Cape Town-based film and Entertainment Company.

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FINAL CALL FOR SUBMISSIONS: 2017 Moriyama RAIC International Prize for $100,000

2017 Moriyama RAIC International PrizeThe Royal Architectural Institute of Canada (RAIC) reminds architects all over the world to enter the 2017 Moriyama RAIC International Prize competition for a chance to win 100,000 Canadian Dollars. The Prize, awarded every two years, is open to any architect working around the world, irrespective of nationality and location. Any architect, team of architects, or architect-led collaboration may submit a building or a related group of buildings that has been completed, occupied and in use for at least two years. The Prize celebrates a single work of architecture that is transformative, inspired, inspiring, and emblematic of the human values of respect and inclusiveness. An international jury will consider a range of criteria, including:

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Half of Global Mobile Phone Users Still Use Their Device for Only Talking and Texting

Global Mobile Phone Users

Research by GSMA, a company that represents the interests of mobile operators’ worldwide, uniting nearly 800 operators with almost 300 companies in the broader mobile ecosystem, has revealed that almost half of global mobile phone users still only use their devices to make voice calls and send SMS, according to new consumer research by GSMA Intelligence. The new Global Mobile Engagement Index (GMEI) measures the level of engagement of mobile phone users across a wide array of use cases and services. This first-of-its-kind consumer index is based on inputs from the 2016 GSMA Intelligence consumer survey, which surveyed mobile users across 56 global markets representing 80 per cent of the world’s population. The first GMEI study was released on February 16th 2017, and is expected to be updated every year.

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Convergence of Nations Released in French and Portugese

convergence of nations

This week, Jean – Claude Bastos de Morais – an African Entrepreneur, Investor and Innovation Influencer announced that two additional editions of the highly demanded book (The Convergence of Nations) have been released in French and Portuguese, adding up to the previous English version.

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Developers in Middle East and Africa to compete for $20,000 in Facebook Bots for Messenger Challenge

Facebook Bots for Messenger Challenge

Facebook just launched the Facebook Bots for Messenger Challenge, a contest to recognize and reward developers who are able to create the most innovative new bots on Messenger. From today, 15th February 2016, Facebook will accept applications for its Bots for Messenger Developer Challenge until 28th April, 2017. Over 20,000 USD cash prizes are expected to be won by s developers across the Middle East and Africa region who will be successful in creating innovative bots in the Bots for Messenger Developer Challenge. The contest is designed in three categories: Gaming and Entertainment; Productivity and Utility; and Social Good. Applicants (Developers) in teams (maximum of three) are invited from the Middle East and Africa region to create bots in these categories.

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ISACA Survey: Cyber Security Skills Gap Leaves 1 in 4 Organizations Exposed for Six Months or Longer

cyber security

Sophisticated cyber security defenses are increasingly in high demand as a cyber security attack is now viewed as an inevitability. However, a majority of surveyed organizational leaders fear they are ill-equipped to address these threats head-on.

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Advances in Artificial Intelligence Will Help Machines Understand Human Thoughts using Brain Computer Interface.

Artificial Intelligence to present growth opportunities by leveraging thought-controlled interaction with machines, finds Frost & Sullivan’s TechVision team.

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Moroccan and African Youth to Play Vital Role in UN 2030 Agenda for Sustainable Development Goals

2030 Agenda for Sustainable Development Goals

The United Nations Economic and Social Council hosted its 6th Annual Youth Forum, January 30 and 31 for two days of engagement on global youth issues. Moroccan and African youth are expected to play a priority role in the success of the 2030 Agenda for Sustainable Development Goals.

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WWD: A Call for Wetlands Protection.

Happy World Wetlands Day (WWD) to everyone who works to protect global wetlands. Wetlands are the link between land and water, and are some of the most productive ecosystems in the world. Some common names for different types of wetlands are swamp, marsh and bog. To be called a wetland, an area must be filled or soaked with water at least part of the year. As wetlands are continuously threatened by human activities, this is a day to spread awareness on the importance of wetlands and call on more people to join hands in protecting wetlands.

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Inaugural Susuk Transaction – $150m Issued by an African Entity.

A leading pan-African multilateral development finance institution and project developer, Africa Finance Corporation (AFC), has issued its maiden Sukuk – which the highest-rated Sukuk issuance from an African institution. After attracting high levels of investor interest, the initial target of 100 million USD was more than twice oversubscribed, resulting in the transaction being upsized to 150 million USD and a final order book of approximately 230 million USD. The transaction represents the first Sukuk to be issued by an African supranational entity, and also the first Sukuk transaction in 2017.

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Midsummer and Asia Clients Produces Lightweight Solar Modules

Midsummer, a leading supplier of production lines for cost effective manufacturing of lightweight flexible CIGS solar cells, today announced that its Asian client now manufactures lightweight flexible solar modules with conversion efficiency of 14 per cent.
Midsummer previously announced that they have sold their compact DUO solar cell manufacturing system to an Asian client. The system is in production and it produces flexible solar modules at record levels. The flexible solar module is made of cells from the client’s factory in Asia.

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1.2 Billion People Travelled the World in 2016, 58 million to Africa – UNWTO.

Destinations worldwide welcomed more than 1.2 billion people in 2016; while 6 billion people toured within their borders, in an unprecedented growth of the domestic travel sector. This is according to the latest tourist barometer report released by United Nations World Tourism Organization (UNWTO).

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Developmental Projects in Ras Al Khaimah Presents an Investment Opportunities

ras-al-khaimah-1

Obviously, most people around the world wants to have one or two vacation in one of the emirates in the UAE. Dubai receives numerous visitors in a year and currently, the GDP of the emirate is substantially dependent on tourism now. As most visitors will fly into Dubai, the fun and stay of vacations do not stay in Dubai. One hour away from Dubai is one of the emirates hosting some favorite developments in the United Arab Emirates – the Ras Al Khaimah (RAK).

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Ras Al Khaimah: Most Business Attractive Emirate in UAE

rak-invest

The GCC region is a promising region for developmental projects and also record breaking projects. The region has attracted new and fresh projects in diverse sectors of infrastructure. As much as outsiders might want to see the entire emirates to be developing at the same rate, it is important to note the business environment for the various emirates, especially for foreign investors. The Ras Al Khaimah (RAK) is one of the emirates which currently represents marvelous investment opportunities to investors all around the world. Having received an award from the Financial Times as the “Most Attractive Place in the Middle East for FDI,” the emirate keeps spurring systems that enables and promotes investments.

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