Category: News Stories

Rendeavour appointed as AfCFTA inaugural implementation partner

Rendeavour becomes the African Continental Free Trade Area’s inaugural implementation partner for African industrialisation and trade infrastructure The African Continental Free Trade Area (AfCFTA) has partnered with Rendeavour, Africa’s new city builder, to support the implementation of the AfCFTA through infrastructure-led industrialisation, integrated economic zones and trade-enabling urban development across the continent an official statement in Lome,Friday,has disclosed. Through the partnership, the statement said,Rendeavour will support the AfCFTA Secretariat across three priority areas: advancing the role of Special Economic Zones (SEZs) as drivers of industrialisation, mobilising private capital for trade- enabling infrastructure,  and…

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31st IRENA Council Ushers New Era of Global Energy Transition

More than 300 delegates to discuss the expanding role of renewables in powering energy security, resilience and digital economies. The thirty-first Council meeting of the International Renewable Energy Agency (IRENA) has started in the United Arab Emirates(UAE) in a hybrid format according to an official statement issued in Abu Dhabi,Thursday Over 300 government representatives,the statement said, are attending the meeting at IRENA Headquarters in Abu Dhabi, both in person and virtually. Over the course of two days,it said, the Council will review progress on the Agency’s work and discuss collective…

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Australia’s First-ever Islamic Bank Launch on Course

Story: Mohammed A. Abu Islamic Money Australia Pty Ltd’s Chief Executive Officer, Dean Gillespie,promoters of the country’s first-ever fully fledged Islamic bank has assured potential customers in the country and potential investors worldwide that everything is still on course. In a February  official progress update,Mr.Gellespie assured, his company was  continuing to work on launching Australia’s first-ever Islamic bank and we are hoping to launch home finance soon in 2026.  We’re aiming to launch the full bank in 2027. Meeting the Minimum Capital Requirement  “We always knew when starting this business…

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Russia To Expand Islamic Banking Services

First Published,May 19, 2026 Russia is to expand a pilot Islamic banking program as demand for Sharia-compliant financial products continues to grow, according to the country’s largest lender, Sber. Islamic banking follows Sharia principles that prohibit interest-based lending and speculative transactions. Instead, it relies on mechanisms such as leasing, installment sales, profit-sharing arrangements, and asset-backed financing. It also restricts financing for sectors such as gambling, alcohol, tobacco, and weapons production. Russia launched the pilot initiative in 2023 in four predominantly Muslim regions, including the Republic of Tatarstan, and later extended…

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Goodbye Plastic? Scientists Create New Supermaterial That Could Transform Modern Manufacturing

By Rice University,First Published,May 19, 2026 A newly developed bacterial cellulose manufacturing technique could lead to strong, multifunctional materials capable of replacing plastics. What if the next generation of high-performance materials did not come from a factory filled with petroleum-based plastics, but from living bacteria? Scientists at Rice University and the University of Houston have developed a new way to turn bacterial cellulose into an ultra-strong, multifunctional material that could eventually replace plastics in products ranging from packaging to electronics. Their findings, published in Nature Communications, describe a scalable manufacturing process that guides bacteria to…

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Seychelles-Greece Reaffirm Bilateral Relations…As Prez receives Ambassador Designate

The President of the Republic of Seychelles, Dr. Patrick Herminie, received the Letters of Credence of His Excellency Mr. George Psiachas, Ambassador-Designate of the Hellenic Republic of Greece to Seychelles an official statement issued in Victoria,Teusday,has disclosed. The accreditation ceremony the statement said,was held in the morning at State House. During their discussions,it added, President Herminie congratulated the new Ambassador of Greece and highlighted that Seychelles and Greece have enjoyed warm and longstanding f relations since the establishment of diplomatic ties in July 1980. The President further expressed Seychelles’ appreciation…

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LSEG Islamic Investment Review 2025 Launched in London

Story: Mohammed A. Abu The London Stock Exchange Group(LSEG) Data & Analytics, has announced in London,Teusday, the launch of its latest report “LSEG Islamic Investment Review 2025: 50 Years of Exponential Growth”. The report provides a comprehensive, data‑driven assessment of global Islamic investment markets, examining developments across sukuk, Shariah‑compliant equities and Islamic funds at a time of heightened macroeconomic uncertainty and market volatility. Offering a detailed snapshot of market size, growth and structural evolution in 2025, the report highlights the continued expansion and resilience of Islamic investment markets despite tighter…

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AI Skills and Compute Africa Foundation Launches in Rwanda

The AI Skills and Compute Africa Foundation (AISCA Foundation) (https://AISCAfrica.org) officially launches in Kigali to dismantle the barriers to AI innovation, strengthening Africa’s artificial intelligence ecosystem says an official statement issued in Kigali,Monday. Through this initiative,it noted, AISCA Foundation aims to provide equitable access to compute, skills development, research support, and community building. Backed by seed funding from founding technology partner Cassava Technologies, AISCA Foundation is bridging the “compute gap” to ensure African AI researchers and innovators can develop world-class AI solutions locally, while building a scalable pipeline for continental talent development.…

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Physicists Observe Strange Quantum Rotation Effect That Defies Intuition

By Helmholtz-Zentrum Dresden-Rossendor, First Published,17th May,2026 Researchers discovered that atomic rotations inside a crystal can unexpectedly flip direction while still obeying the laws of angular momentum conservation. An international team of researchers, including scientists from the Helmholtz-Zentrum Dresden-Rossendorf (HZDR) and the Fritz Haber Institute of the Max Planck Society, has directly observed for the first time how angular momentum moves and remains conserved inside a crystal lattice. By using powerful terahertz laser pulses, the team was able to precisely manipulate these motions and discovered an unexpected effect: during the transfer process, the direction of…

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Italian Engineering Giant Webuild Clinches Samoter Innovation Award for Africa’s Largest Dam

By: Addis Insight,First Published,May 14, 2026 Italian construction titan Webuild has officially secured the prestigious Samoter Innovation Award 2026. The accolade recognizes the company’s groundbreaking work on the Grand Ethiopian Renaissance Dam (GERD), a project that is redefining the landscape of renewable energy in Africa. Why the GERD Won Big Presented at the Samoter International Construction Machinery Exhibition in Italy, the award celebrates more than just “building a wall.” The judges highlighted the GERD as a masterpiece of technological and engineering excellence. “The recognition highlights the GERD not only for its complexity but for its…

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