The global market for clean energy technologies is set to grow from 700 billion dollars last year to more than 2 trillion dollars by 2035. This is according to analysis published by the International Energy Agency (IEA) on Wednesday. Trade in clean energy technologies such as photovoltaics, wind turbines, electric cars, batteries and heat pumps…
The Korea International Cooperation Agency (KOICA) Nigeria on Wednesday said it remained committed to supporting the development of educational technology (edtech) ecosystem in Africa. The Country Director of the agency, Mr Son Sungil stated this in Abuja during the 6th edition of the African Edutech Conference hosted by KOICA in collaboration with UBEC, and the…
China’s Ministry of Commerce (MOC) on Tuesday announced its decision to renew anti-dumping duties on ethanolamines imported from the U.S., Saudi Arabia, Malaysia, and Thailand. The duties were initially introduced in 2018 for a period of five years as such imports had caused substantial damage to China’s domestic industry. Following the end of the term…
The Afghan caretaker government’s Ministry of Mines and Petroleum has signed a contract worth 163 million dollars for the construction of a cement plant in northern Jawzjan province. The office of the acting deputy Prime Minister for economic affairs said in a statement on Tuesday. At the signing ceremony, Mullah Hedayatullah Badri, acting minister of…
The Economic Community of West African States (ECOWAS) in collaboration with ECOBANK Plc on Tuesday in Abuja unveiled a 6-month training programme for the empowerment of West African women traders. The News Agency of Nigeria (NAN) reports that the programme seeks to empower women-led businesses by supporting and enhancing their growth, leveraging the African Continental…
TikTok founder Zhang Yiming has topped China’s rich list for the first time, according to Shanghai-based Hurun magazine, which put his fortune at 49.3 billion dollars. Zhang, 41, belongs to the new generation of Chinese business people who are more internationally focused than their predecessors, according to Hurun. TikTok owner ByteDance, also founded by Zhang,…
French President Emmanuel Macron on Monday arrived in Rabat on a three-day official visit to the Kingdom of Morocco. The French president was received by the King of Moroccan, Muhammed VI and his Crown Prince, Moulay El Hassan, Prince Moulay Rachid and Princesses Lalla Khadija and Lalla Meryem. Macron on the other hand was accompanied…
The Chairman, Senate Committee on Land Transport, Sen. Adamu Aliero, says the African Development Bank has released $350 million to the Federal Govemment for construction of a rail line from Kano to Maradi. Aliero disclosed this during an oversight visit of the committee to the Nigeria Railway Corporation (NRC) on Monday in Lagos. He added…
The African Export-Import Bank (Afreximbank) has signed a Term Sheet with Mediwood Studios, securing a US$3 million facility to support the expansion of the Tunisian studio’s operations. The agreement, formalised on the sidelines of the recently concluded Creative Africa Nexus Weekend (CANEX WKND) 2024, aims to position Tunisia as a premier filmmaking destination within the…
Microsoft 2024 Digital Defense Report has revealed an alarming rise in cyber attacks, with incidents targeting customers globally, doubling to 600 million per day. The Commercial Solution Area Director, Microsoft, South Africa Mr Colin Baumgart made this known on Wednesday during his presentation at the virtual Microsoft Africa AI Journalist Academy. The News Agency of…
