Month: March 2024

Namibia Energy Sector Needs Local Content Guidelines (By NJ Ayuk)

Mr Mohammed

WINDHOEK, Namibia, March 29, 2024/ — By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org). Namibia’s oil and gas sector is still looking forward to reaching the production phase — S&P Global analysts don’t anticipate Namibia’s first oil to come until 2029, and the country’s first gas-to-power project is scheduled to begin in 2027. Before Namibia achieves these hotly anticipated milestones, Namibian lawmakers have the opportunity to implement thoughtful, effective policy to benefit their people. Specifically, I’m talking about local content laws that will help spread future wealth among Namibians, develop…

The Mega US$5 Billion Batoka Hydropower Construction Contract to be Retendered

Mr Mohammed

In a recent turn of events, the Batoka Hydropower construction contract will be retendered and new bidders selected. The Zambian and Zimbabwean governments are retendering the US$5 billion hydropower plant contract after having previously awarded it. The construction contract had been awarded to General Electric and Power Construction Corp of China earlier. The officials involved are expected to select new bidders by the end of September, next year. The Zambezi River Authority, a joint venture of the two countries that maintains the Kariba Dam complex is mandated with the selection. They…

Koa Academy Wins Meltwater Entrepreneurial School of Technology (MEST) Africa Challenge 2023, Securing $50,000 Investment

Mr Mohammed

ACCRA, Ghana, March 25, 2024/ — MEST Africa (www.Meltwater.org), a leading Pan-African tech entrepreneurship training program, seed fund, and incubator, proudly announces Koa Academy (www.KoaAcademy.com) as the grand prize winner of the 2023 MEST Africa Challenge (MAC), securing a $50,000 equity investment after a competitive pitch battle among Africa’s brightest tech innovators. In a thrilling showcase of ingenuity and entrepreneurial spirit, Koa Academy from South Africa stood out at the MEST Africa Challenge finale in Accra, Ghana, surpassing contenders from across the continent. This coveted startup competition, known for identifying and…

If oil disappeared tomorrow, petroleum based-products would vanish with it(By HE Haitham Al Ghais)

Mr Mohammed

JOHANNESBURG, South Africa, March 24, 2024/ — By HE Haitham Al Ghais, OPEC Secretary General. If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated. There would be no point calling emergency services. The majority…

About Undersea Cable disruptions adverse Impact on Data Services

Mr Mohammed

…….As They Meet NCA in Accra for Further Updates Story: Mohammed Abu The subsea cable landing service providers have remotely identified the approximate locations of the damage and have made preparations to dispatch repair vessels to the location for physical assessment and restoration. Based on that, the subsea cable landing service providers have indicated an estimated time frame of a minimum of five (5) weeks for full service restoration from the time the vessels are dispatched to the various locations. This was disclosed in a Press Release issued in Accra,Saturday,by…

12 Infrastructure Priorities Launched at Sustainable Infrastructure Development Symposium South Africa (SIDSSA) 2024

Mr Mohammed

CAPE TOWN, South Africa, March 19, 2024/ — Twelve major infrastructure projects have been launched with the aim of driving public and private sector-led development in South Africa. The projects span transport, storage and communication; electricity, gas and water; community, social and personal services; mining and quarrying; and agriculture, forestry and fishing sectors, and fall under South Africa’s 2024/2025 infrastructure pipeline. The launch of the projects – which will receive support from Infrastructure South Africa – was announced during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) 2024 in Cape Town…

President Ramkalawan announces the appointment of women professionals in key positions

Mr Mohammed

To coincide with the International Women’s Day, the President of the Republic, Mr Wavel Ramkalawan has recently appointed four women professionals in prominent positions in the administration of the country. These are: The re-appointment of the Governor of the Central Bank of Seychelles, Ms Caroline Abel, the new Principal Secretary for Finance, Ms Astride Tamatave, the new Commissioner General of the Seychelles Revenue Commission (SRC) Mrs Varsha Singh, and also the appointment of the Chief Executive Officer of the National Bureau of Statistics, Mrs Li Fa Cheung Kai Suet. Governor of the Centrel Bank, Ms…

To tackle poverty, Africa needs welfarist policies and people-centred development, says African Development Bank President Adesina

Mr Mohammed

ABIDJAN, Ivory Coast, March 8, 2024/ — President of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina has appealed to leaders in Nigeria and across Africa to make poverty history as he outlined a compelling case for welfarist policies and people-centred development. “Given the high levels of poverty in Africa, and Nigeria, what is needed are welfarist policies that exponentially expand opportunities for all, reduce inequalities, improve the quality of life of people,” Adesina said as he received the prestigious Awolowo prize for leadership at a colourful ceremony in Lagos…

South Africa needs to use its Abundant Domestic Natural Gas to Fix its Energy Crisis today (By NJ Ayuk)

Mr Mohammed

JOHANNESBURG, South Africa, March 8, 2024/ — By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) South Africans don’t want to breathe clean air in the dark. Energy woes are synonymous with South Africa right now. As the country’s fleet of mostly coal-powered plants struggles to keep up with electricity demand, South Africans are enduring daily power outages that last six to 10 hours a day. With businesses and institutions struggling to function, and tension mounting among South Africa’s people, the need for solutions is beyond urgent. I say “solutions” because…

Record-breaking Attendance: more than 14000 visitors

Mr Mohammed

Dubai, UAE, 08 March 2024: The 20th edition of the Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), renowned as the leading platform for wood and woodworking machinery in the MENA region, organized by the Strategic Exhibitions and Conferences, concluded after three days at the Dubai World Trade Centre. The event witnessed a significant turnout of visitors, investors, government officials, and timber sector enthusiasts from around the globe. The exhibition achieved remarkable success, attracting 14581 visitors from various countries worldwide, reaffirming its importance and leadership position in the region’s…