Cairo: Africas, News desk, Reuters An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses. The spokesperson said in an emailed statement to Reuters that the team, led …
IMF team in Cairo to discuss $3 billion loan program Read More »
Abuja: Reuters, Africas, News Desk Nigeria’s inflation rate rose to its highest in more than 27 years in December as food prices surged, exacerbating a cost-of-living crisis and piling more pressure on the central bank to raise interest rates. In addition, Consumer inflation rose for the 12th straight month in December to 28.92% year on …
Dr. Sherif Farouk, chairman of the board of Directors of the Egyptian post, chaired the 44th meeting of the permanent Arab postal committee in the presence of the heads of postal administrations from 18 Arab countries, the representative of the director general of the Universal Postal Union, Mr. Hashem al-Haj, the Minister Plenipotentiary Khaled Wali, …
Egyptian Post chief chairs the 44th meeting of the Arab Permanent Committee for post Read More »
NEW DELHI: Africas, News DeskMolecule AI, the specialized at the crossroads of artificial intelligence and life sciences, announced the launch of Molecule GEN, a groundbreaking platform poised to redefine AI-driven drug discovery. This transformative Software-as-a-Service (SaaS) solution, designed to be the heartbeat of automated drug discovery, seamlessly integrates the expertise of biologists, chemists, and AI …
India | Blending Intelligence with Innovation in AI-Powered Drug Discovery Read More »
In the shifting landscape of African cities, Kearney’s 2023 Global Cities Report offers a striking perspective on how social, geopolitical, and technological changes are reshaping the world’s urban centres. This year’s report underscores a significant theme: the rise of emerging cities, challenging the traditional dominance of established global hubs. According to the recently released Kearney …
Johannesburg, Cape Town, Nairobi top African cities in GCI Index Read More »
Tangier Med Port, located on the Strait of Gibraltar in northern Morocco, represents a logistics center connected to more than 180 ports around the world.The Kingdom of Morocco seeks to carry out expansion work for the “Tangier Med Port” as part of its endeavor to enhance trade opportunities, create new investment opportunities, and strengthen its …
Morocco launches a $714 million project to expand the port of Tangier Read More »
Ethiopia confirmed as BRICS membersEthiopia’s membership in the bloc took effect on Monday.The five countries; Ethiopia, Iran, Egypt, Saudi Arabia and the UAE, their inclusion into the bloc was agreed to by Brazil, Russia, India, China and South Africa at the 2023 BRICS summit in South Africa. The bloc was originally founded by Brazil, Russia, …
Ethiopia confirms its membership in BRICS officially Read More »
Microsoft has announced plans to invest £2.5 billion (US$3.16bn) to build AI infrastructure in the UK, the company said at a government-hosted summit. Announced at the Global Investment Summit on Monday (27th November 2023), it forms part of a £29.5bn (US$37.4bn) commitment to the UK by global businesses. Microsoft is expecting that the investment will …
Microsoft to invest £2.5 billion into global AI development Read More »
Ghana expects to receive $1.15 billion in financing from the International Monetary Fund and World Bank by the end of February as bilateral creditors move closer to agreeing on debt restructuring terms.The agreement will pave the way for approving the disbursement of $600 million, which is the second part of the $3 billion rescue plan.Council …
The government plans to build around 10,000 small dams over the next ten years, with a view to retaining rainwater for human consumption and agriculture, as well as for electricity generation, Notícias reports. The construction of the dams is foreseen in the recently approved strategic plan of the Fund for Investment and Assets of Water …
Mozambique to build 10000 small dams in the next 10 years Read More »
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