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Algeria: A “Start-Up Nation” with Global Aspirations

22 January 2024 Comments (0) Politics

Algeria, traditionally known for its rich history and vast natural resources, is increasingly being recognized as a burgeoning “start-up nation.” This North African country, with a young and tech-savvy population, is making strides towards establishing itself as a hub for innovation and entrepreneurship, aiming to leave a significant footprint on the global digital economy.

The Current Landscape

Algeria’s start-up ecosystem is still in its nascent stages, yet it shows immense promise. The government, realizing the potential of digital transformation, has been instrumental in fostering a conducive environment for start-ups. Initiatives like the National Startup Fund, established to finance innovative projects, and the implementation of the “Start-up Act,” which provides legal and financial support to young entrepreneurs, are pivotal in this journey.

The country’s youthful demographic is a key asset. With over 70% of the population under the age of 30, Algeria boasts a large, dynamic workforce eager to embrace new technologies and innovation. This demographic dividend, combined with increasing internet penetration and mobile usage, sets the stage for a thriving digital economy.

Innovative Projects and Sectors

Algerian start-ups are making waves across various sectors. In tech, there are burgeoning developments in AI, fintech, e-commerce, and renewable energy technologies. Notable examples include TemTem, a successful ride-hailing app, and Djazair Ta3mal, an online platform helping Algerians enhance their employability.

The agricultural sector, integral to the Algerian economy, is also seeing a digital overhaul. Start-ups are leveraging technology to improve agricultural productivity and sustainability, addressing challenges such as water scarcity and food security.

The Future Outlook

The future looks bright for Algeria’s “start-up nation” vision. The government’s increasing focus on digitization and economic diversification, away from oil dependency, signals a commitment to nurturing the start-up ecosystem. Moreover, the growing interest from international investors and venture capitalists in African tech start-ups could bode well for Algeria.

Advantages and Opportunities

Algeria’s strategic location as a gateway between Africa and Europe, combined with its large, young, and increasingly well-educated workforce, presents significant advantages. The country’s rich cultural heritage and diverse landscapes also offer untapped potential in sectors like tourism and cultural industries.

Furthermore, the government’s push towards enhancing digital infrastructure and the gradual shift in societal attitudes towards entrepreneurship are creating a fertile ground for innovation and business growth.

Challenges and Problems

However, the journey is not without its challenges. Bureaucracy, regulatory hurdles, and limited access to funding remain significant obstacles for many start-ups. Additionally, while the government has shown support, more consistent policies and effective implementation are needed to sustain long-term growth.

The education system, though improving, still needs to align more closely with the evolving demands of the digital economy. Bridging the skills gap and fostering a culture of innovation and critical thinking is crucial for the sustainable development of the start-up ecosystem.

Not Just a Dream but an Evolving Reality

Algeria’s aspirations to become a “start-up nation” reflect a bold and forward-thinking approach to economic development. While there are challenges to overcome, the country’s advantages, such as its young population, strategic location, and evolving digital landscape, provide a strong foundation for growth. With continued government support, international collaboration, and an emphasis on education and skills development, Algeria is well-positioned to realize its aspirations on the global stage. The nation’s journey towards becoming a hub of innovation and entrepreneurship is not just a dream but an evolving reality, paving the way for a vibrant and diversified economy.

Photos : israelvalley.com / jeuneafrique.com

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Leyja: The Latest Sustainable Tourism Destination in Saudi Arabia

26 December 2023 Comments (0) Business, Environment, Featured

Leyja, NEOM’s latest sustainable tourism destination in Saudi Arabia, nestled between the Gulf of Aqaba coast and 400-meter-high mountains, exemplifies the kingdom’s commitment to a multifaceted, eco-friendly tourism industry under Vision 2030, offering three architecturally distinct hotels and curated experiences in a nature-reserve setting.

In a significant stride towards a more sustainable and diversified tourism industry, NEOM, Saudi Arabia’s futuristic super-city, has unveiled Leyja, its latest ecotourism destination.

Nestled along the Gulf of Aqaba coast and winding inland through a valley surrounded by 400-meter-high mountains, Leyja is a testament to Saudi Arabia’s commitment to sustainable development and its ambitious Vision 2030 initiative.

Where Is Leyja? 

Leyja is strategically positioned to unfold from the Gulf of Aqaba coast, creating a natural valley that carves through the impressive mountains of NEOM.

What sets Leyja apart is its dedication to preserving nature, with 95% of its expansive landscape designated as a nature reserve.

This aligns with NEOM’s overarching strategy to blend innovative ecological design with construction techniques that integrate seamlessly with the environment.

A Strategic Step in Saudi Arabia’s Commitment

Leyja represents a strategic step in Saudi Arabia’s commitment to diversifying its tourism destinations and boosting its economy. As part of the NEOM super-city, this $500 billion development aims to attract discerning travelers with its ultra-luxurious offerings, including high-end stores, helipads, and fine-dining restaurants helmed by celebrity chefs.

Led by renowned architects Mario Cucinella, Chris van Duijin, and Shaun Killa, Leyja’s architectural direction reflects a harmonious blend of luxury and sustainability. The development features three distinctive hotels, each offering a unique experience while staying true to its natural surroundings.

The “Adventure Hotel” (Chris Van Duijn) is a designed as a vertical structure with a deconstructed aesthetic resembling a cliffside staircase. It’s a hub for tourists seeking high-octane activities such as rock climbing. Its design minimizes impact on the natural terrain, allowing guests to engage with the rugged landscape

 

“Oasis Hotel” (designed by Mario Cucinella Architects) is emerging from the rocks with five facade fins, it serves as a gateway to exploration, offering panoramic views of the valley. The design mirrors the natural context, providing guests with an immersive experience that complements the breathtaking surroundings

The Wellness Hotel is a reflective retreat with two opposing volumes adorned with high-tech facades. This immersive wellness retreat complements Leyja’s commitment to holistic experiences, offering guests a serene escape amidst nature.

Experiences And Activities At Leyja

Leyja goes beyond traditional hospitality by curating refined experiences for visitors. Fine dining by world-renowned chefs, rooftop infinity-style pools, and wellness facilities are just a glimpse of what the destination has to offer.

For those seeking adventure, Leyja provides guided wadi walks, hiking trails, mountain biking, and climbing, allowing guests to immerse themselves in the dramatic mountain landscape.

Leyja stands as a beacon of sustainable luxury in the heart of Saudi Arabia’s mountains, inviting visitors to experience the beauty of nature without compromising on comfort. As the kingdom continues to invest in projects like Leyja, it not only aims to meet its tourism targets but also sets an example for environmentally conscious and innovative development on a global scale. With Leyja, NEOM is not just creating a destination; it’s crafting an ecological masterpiece that harmonizes with the natural wonders of Saudi Arabia.

Photos : zawya.com –

 

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Nollywood : the Nigeria’s burgeoning film industry

26 November 2023 Comments (0) Business, Featured

Nollywood, Nigeria’s second-largest film industry, has risen from modest beginnings, revolutionizing storytelling and challenging societal norms, making a significant impact on the global film landscape.

Nollywood, Nigeria’s burgeoning film industry, has rapidly evolved into a global cinematic sensation over the last few decades. Emerging from modest beginnings in 1992, it now stands as one of the world’s most prosperous and influential film sectors, fundamentally reshaping our perceptions of movie production.

Originally rooted in Nigeria’s rich oral traditions, Nollywood draws from centuries of storytelling through song and dance. This deep-seated tradition can still be heavily observed through Nollywood films, where stories often interweave traditional music and dance, adding a unique cultural vibrancy to the industry.

From Humble Beginnings

Nollywood has come a long way since it took off in the early 1990s when trailblazers such as Kenneth Nnebue and Ola Balogun played pivotal roles in its birth. Kenneth Nnebue made history by producing Nigeria’s first feature film, “Living in Bondage” (1992), which immediately captivated audiences and set the stage for a new era in Nigerian cinema.

The film’s success inspired other aspiring filmmakers to enter the industry using video cameras and minimal budgets. These early productions were characterized by their resourcefulness, often filmed on location without the benefit of professional equipment or crews.

Fast-forward to the present, Nollywood has transformed into the second-largest film industry globally, second only to Bollywood in India. Every year, it produces over 2,000 movies and boasts an estimated revenue of $1.2 billion, establishing itself as one of the most prolific film industries worldwide.

Statistics On Nollywood Film Industry 

During the first quarter of 2023, Nollywood exhibited its unwavering productivity by delivering a total of 280 films according to Alhaji Adedayo Thomas, the Executive Director/CEO of the National Film and Video Censors Board (NFVCB).

This figure of 280 films actually represents a decrease compared to the 340 films produced in the fourth quarter of 2022, marking an 18 percent decline.

However, this slight dip does not diminish the ongoing significance of Nollywood in the larger context of Nigeria’s economy. Breaking down the production areas, the NFVCB reported that Lagos, as a prominent hub, took the lead with 106 movies.

Following closely was Nigeria’s federal capital, Abuja, contributing 99 films, while Onitsha added 32 to the cinematic landscape. Other cities, such as Abeokuta, Kano, and Benin, also played their part, albeit on a smaller scale.

Nollywood’s Strategy To Become An Empire

There are a couple of key features that helped make Nollywood into what it is today. First of all : the low production costs. The hallmark of Nollywood’s success lies in its ability to craft compelling narratives on limited budgets, often releasing these films directly to the video market instead of going through production companies and studios. Second : they are relatable! These films courageously confront the daily social issues and challenges that confront Nigerians, making them not just movies but mirrors reflecting the lives of millions. 

Also, Nollywood challenges time-honored values and beliefs, nudging individuals to view the world with fresh perspectives. Through their narratives, these films become catalysts for change, encouraging people to question, evolve, and aspire to a different reality.

Last but not least, Nollywood is an Ever-Growing Industry. The industry has, by employing over 200,000 individuals, made a substantial contribution to job creation. Moreover, Nollywood’s reach extends far beyond Nigeria’s borders, with its films captivating audiences in over 50 countries. This international appeal brings foreign investment, elevating the economic fortunes of Nigeria in a globalized world.

Obstacles Ahead For The Nollywood Film Industry

Despite its remarkable size and reach, the industry faces certain obstacles that warrant attention and innovative solutions. One of the most pressing challenges confronting Nollywood is the perennial need for increased funding.Nigerian films are typically produced on modest budgets, which can limit the production values and overall quality of the final product.

This budgetary constraint hinders Nollywood’s ability to compete on a global stage, where Hollywood blockbusters and other regional film industries often command significant financial resources for grand productions.

Rampant Piracy and Distribution Dilemma

Another formidable challenge that continues to plague Nollywood is piracy. Given the relatively low production costs of Nigerian films, they are particularly vulnerable to being illegally copied and distributed. Pirated copies frequently flood the market, and these unauthorized versions are sold on the streets at a fraction of their original price.

While the industry enjoys strong viewership within Africa, expanding its reach globally remains a complex endeavor. Getting Nigerian films into international movie theaters can be a time-consuming process, as many distributors prioritize established foreign films with proven track records of audience appeal.

How Nollywood Has Impacted The Globe

Nollywood’s impact on the film industry is undeniable. As the second-largest film industry globally, it has reshaped storytelling, challenged societal norms, and made substantial economic contributions.

Despite facing challenges, Nollywood’s influence continues to grow, highlighting the remarkable power of cinema to transcend borders and inspire change. It is a vibrant testament to the enduring and transformative impact of storytelling on a global scale.

photos : olorisupergal.com / miro.medium.com/

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Fadi Ghandour : The Visionary Behind Wamda

24 September 2023 Comments (0) Featured, Leaders

Fadi Ghandour has made a lasting mark on the world of logistics and technology in the Middle East. Born on March 2nd, 1959, his journey is a testament to the incredible potential of perseverance and innovation.

Fadi is arguably most well-known for co-founding Aramex back in 1982. If you aren’t familiar with it already, it’s a company that started as a humble local courier service and grew into a global logistics powerhouse.

Under the guidance of Fadi Ghandour, Aramex expanded its reach far beyond borders, establishing a formidable presence throughout the Middle East, North Africa, and beyond. Their remarkable journey culminated in the company going public on the NASDAQ stock exchange in 1997. However, Fadi Ghandour’s impact doesn’t end there.

The Driving Force Behind MENA’s Thriving Tech Startup Ecosystem

As a co-founder of Wamda Capital, Fadi Ghandour has been instrumental in fueling the dreams of countless budding entrepreneurs across the Middle East and North Africa, injecting vitality into the world of innovation. Beyond business, Ghandour’s philanthropic efforts and social initiatives shine just as brightly. 

His dedication to propelling economic development and fostering innovation in the Middle East has not only earned him acclaim but has transformed the landscape of the region.

Fadi Ghandour’s journey is nothing short of inspirational. His entrepreneurial spirit, combined with his commitment to driving innovation in the Middle East, makes him a standout figure in the business world.

Wamda, An Accelerant Of Innovative Entrepreneurship Systems

Wamda is a multifaceted platform and ecosystem dedicated to nurturing entrepreneurship and driving innovation in the Middle East and North Africa (MENA) region. It plays a pivotal role in supporting startups and equipping them with the resources needed to thrive in this dynamic and ever-changing landscape.

Wamda Capital sits at the core of Wamda. It’s an integral part of the organization and serves as a venture capital fund that injects essential financial support into both early-stage and growth-stage startups across MENA.

By providing capital, they empower these startups to transform innovative concepts into successful and (long-term) sustainable businesses. However, Wamda’s impact extends far beyond financial backing.

The organization is deeply committed to fostering a robust entrepreneurial ecosystem through mentorship and networking initiatives. It connects emerging startups with seasoned mentors, industry experts, and potential investors. This will naturally enable them to gain access to invaluable guidance, forge strategic partnerships, and secure additional funding to fuel their growth.

The organization also hosts a range of gatherings, conferences, and educational programs that bring together a diverse community of entrepreneurs and industry experts. These events serve as dynamic platforms for knowledge sharing, collaboration, and the showcasing of innovative ideas.

Generating Knowledge And Insights About The MENA Startup Landscape

Through extensive research efforts and the publication of informative reports, Wamda equips policymakers, investors, and entrepreneurs with a comprehensive understanding of the unique challenges and opportunities in the region. Additionally, Wamda operates a media platform that disseminates news, stories, and analyses related to entrepreneurship, startups, and technology in MENA.

This content not only informs and educates, but also celebrates the accomplishments and breakthroughs of startups in the region.

Fadi Ghandour’s remarkable journey from co-founding Aramex to his pivotal role in nurturing the MENA region’s startup ecosystem through Wamda and Wamda Capital is truly inspirational. His commitment to innovation and entrepreneurship continues to shape the future of the Middle East and Africa, fostering a vibrant landscape of innovation and economic growth.

Photos : menabytes.com /

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The Green Girl hurdling barriers in the race for sustainability

20 August 2023 Comments (0) Leaders

Many observers see that out of the many challenges facing modern Africa, two in particular stand out. The first of these is the continent’s massive untapped renewable energy resources. The African Development Bank estimates that there is an annual potential of 350 GW in hydroelectric power, 110 GW from wind, 15 GW from geothermal and a huge 1000 GW from solar. In addition, the International Renewable Energy Agency estimates that surplus forest wood could provide 520 GW/year in bioenergy.

The second and perhaps more daunting challenge is breaking down the gender disparity barriers that have been entrenched since colonial days. The World Economic Forum’s 2018 Global Gender Gap index estimated that it would take 135 years (at current rates of progress) for the gap to finally close in sub-Saharan Africa, with North Africa taking even longer at 153 years.

Anything that attempts to meet these challenges should be applauded and promoted, and when a person or project attempts to tackle both of them at the same time, then there should be even higher levels of recognition and encouragement.

Monique Ntumngia Determined To Give Something to Those Who Lacked Opportunities

Enter Monique Ntumngia, founder of Cameroon’s ‘Green Girls’ and a renewable energy entrepreneur. The 29-year-old Cameroonian had a hard childhood as an orphan. And as she entered adulthood, she was determined to give something to those who lacked opportunities.

The idea for Green Girls was born in September of 2014 when Ntumngia was working in Nigeria for the NGO, Human Rights and Education. While taking part in the traditional distribution of school supplies at the start of the school year, children kept asking her: “Madam, how are we going to use these notebooks and books without light?”

It was at that point that Ntumngia decided that her path forward lay in marrying sustainable development with the promotion and spread of renewable energies. She began organising fundraising events and contacting organisations such as UNICEF and the EU. After raising US$10,000 in just two months, she bought 2,500 solar lamps from Norway that she distributed across Nigeria.

Only 10% of The Population Have Regular Access to Electricity.

After Nigeria, she wanted to do the same in Cameroon. Her home country – and Africa as a whole – suffers from a real problem as far as electricity production and distribution are concerned. Most rural areas have no supplies all. Across Africa as a whole, only 10% of the population have regular access to electricity.

Monique Ntumngia: Leading the way in promoting renewable energy and sustainability in Africa

But this young social entrepreneur quickly realised that solar lamps were not a long-term answer. She carried out an in-depth survey looking at the sustainability of local economies across Cameroon. She also realised that many of these local communities had an acute waste management problem. Biogas seemed to be an obvious answer to work alongside solar energy. Biogas is a renewable energy source made from the anaerobic fermentation of organic waste. She set up a company – Monafrik Energy – to develop solar and biogas solutions, to provide affordable energy, and to help support sustainable communities. Since December of 2015, the company has built eight solar installations and twenty bio-digesters for biogas production.

But Monique’s vision extended far beyond simple provision of electricity. She wanted to tackle gender disparity and the poverty that both causes and accompanies it. In August of 2016, she founded the charity, Green Girls. Its mission? To promote sustainable development in every African rural community through the infiltration of renewable energy; and getting African governments to develop gender policies that provide access to finance in order for these women to run clean energy businesses.

To Plant Trees To Replace the Forests Used As Sources of Firewood

The charity also plants trees to replace the forests used as sources of firewood before the communities had bio digesters constructed. Within just a few months of starting the charity, 623 girls between the ages of 14 and 18 had received training in three areas of Cameroon.

The charity now operates programmes on several levels. They train girls in how to construct and maintain solar panels and bio digesting equipment. They also teach them about the relevant Sustainable Development Goals so they understand better the sustainable community models. In order to encourage financial independence, they train the women in how to set up SMEs, with businesses aimed at the packaging and selling of organic fertilizer, growing organic crops, and making solar lanterns.

In order to expand the ideas and the training, one aspect of the Green Girl programmes is identifying future leaders and training them to be trainers. This offers the potential of rapid multiplication of women and girls taking part in the various programmes as well as an expansion of ideas and practical solutions.

To Expand the Green Girls Operations across All of Africa

Her hard work and innovative ideas have led to global recognition. To date, she has been awarded the following prizes: WWF Africa Youth Champion award (twice), US$100,000 Visa Everywhere Initiative Award 2019, the Africa Youth Connekt prize for Best Project and best Pitch, and the Cameroon special tourism award for promoting sustainable development

Ntumngia’s vision is to expand the Green Girls operations across all of Africa but she knows that there are many hurdles to cross and that both governments and African society need to be part of the battle to break down gender barriers as well as working towards a more sustainable Africa.

Photos: afrohustler.com/ Facebook.com / visamiddleeast.com

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Agricultural data is becoming big business in Africa

30 July 2023 Comments (0) Business, Non classé

Africa can often be a continent of major contradictions, but perhaps especially when it comes to agriculture. The African Development Bank (ADB) released a recent report which stated that the continent contained an astounding 65% of the world’s uncultivated but arable land. Many areas also have an abundance of fresh water. The soil is extremely fertile, and the continent has around 300 days of sunshine every year. And when you look at the working population, in excess of 60% of people work in the agricultural sector in some capacity. 

Yet despite that potential, the continent as a whole continues to import much of its food ($64.5 billion in 2017) and many regions continue to suffer annual famines with around five million Africans dying every year from hunger and over a quarter of the population classified as “severely food insecure in 2016”.

To increase efficiency and productivity – and thus hopefully reduce hunger and reliance on imports – many African countries are now looking to data collection and analysis for solutions and creating a new demand and market by doing so. 

A lot of Challenges to Face

There are a number of challenges that Africa’s agricultural sector faces. As far as development of uncultivated land is concerned, many areas have poor or no transport links. There may be little in the way of communications, little credit to buy the machinery and seed stock needed to cultivate the land, issues with property rights, endemic corruption at local and national levels, a lack of access to technology, and various other issues. 

Many now see the use of data identifying the areas offering the most lucrative prospects as the way to move forward. Coupled with simpler smart phones to be used in situ, data scientists can analyse data from satellite imagery and records of climate and weather patterns to help focus on those initially promising areas. 

Another major problem that faces the sector, and also another that technology may offer a solution to, is that many African agricultural products are subject to the overuse of pesticides (or the use of banned pesticides). This means that they do not pass the stringent standards of target markets such as the European Union. 

Using Technology

Companies such as Acquahmeyer in Ghana are now using drones to monitor the health of crops so as to allow farmers to reduce their reliance on these pesticides. At $5 to 10 per acre, this is a growing data market across the continent. 

The ADB are also investing in data and data collection. As of 2018, they had launched a drone programme partnering with the Tunisian government and the city of Busan in South Korea. The programme will include training 32 young Tunisians on how to pilot drones and collect agricultural data. 

South African startup, Zindi, is another African company looking to harness data to improve agricultural yields. They use their platform to host competitions that brings together over 9,000 African data scientists to crunch numbers and data from satellite imagery and other sources to provide real solutions on – and in – the ground. 

But it is also about different data sets being harnessed to improve agriculture. In Nigeria, the government are undertaking a major registration programme to include its farmers on an electronic wallet system. This will allow the government to make grants and subsidy payments, share information on better farming practices, and help improve the continental supply chain. 

Monsanto Has Established Data Sharing Agreements: Good News for Africa?

Multinational conglomerate, Monsanto, has already established data sharing agreements with the American agricultural machinery producer, Agco. They also launched Climate FieldView in 2018, a tool specifically designed to collect and exploit agricultural data from across Africa. Given Monsanto’s track history, there are justifiable worries that while African NGOs seek to reduce hunger and poverty by increasing crop yields. 

Hopefully, the Pan-African efforts by various parties will continue to yield promising results.

Photos : blogs.worldbank.org / idss.mit.edu / agroinformatics.org

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MENA Seeing Rise In Startups By 24% in 2022

29 June 2023 Comments (0) Business

Startups are roaring in the Middle East and North Africa (MENA) region. Compared to 2021, a rise of 24 percent was seen in investment value. Fueled by rapid growth, the United Arab Emirates and Saudi Arabia are seeing a new group of well-heeled investors. 

Top three markets by region

The top three markets in the region that dominated the venture capital scenery were the United Arab Emirates, Saudi Arabia and Egypt. Having the most investments, UAE took the lead with a total amount of $1.85 billion across 250 deals (a rise of 5 percent in investment value) followed by Saudi Arabia with $907 million raised across 153 deals (a 40 percent rise in investment value).   Even though Egypt ranked third place with $736 million, they secured the second-highest number of new deals totaling 180 (a staggering 70 percent rise compared to 2021).

This rise in investments and deals was felt in nearby countries such as Algeria, Bahrain, Palestine, Oman, Iraq, Qatar, Yemen, Sudan and Tunisia.  On the contrary, Kuwait, Lebanon and Morocco saw a downward trend in terms of deal value.  The Jordanian startups dropped by 76 percent compared to 2021.

Value of investments by sector

Attracting $1.1 billion in investment, almost double compared to 2021, the fintech sector remains the favorite within the startup world in Mena.  A rise in funding was seen in top sub-sectors such as neobanks, crowdfunding, open banking, and corporate and personal lending.  Not to mention the cleantech sector is following closely behind with a whopping 101 percent rise from 2021, thanks to Yellow Door Energy’s $400 million rise in October 2022.  Bringing in $362 million in funding, logistics was the third-highest funded sector.

Quarterly investment activity fluctuated over the course of last year.  Quarter one recorded $1.04 billion which then dropped down to $997 million in quarter two.  Quarter three saw a severe decline with only $696 million raised and only to rise again to $1.21 billion in quarter four.  

Value of investment by gender, education and experience

Women-founded startups only made up 1.3 percent of the $3.94 billion raised last year whilst startups co-founded by both men and women performed far better, attracting $3.7 billion of the total amount raised. A hefty 94 percent of the total amount was raised.

The women-led startups that did raise investment were largely based within the UAE and Egypt.  They focused mainly on the healtech, edtech and e-commerce sectors.  

With regards to educational background, last year 1,186 co-founders successfully raised investment.  Between them were 694 first-time founders, 312 second-time founders, 124 third-time founders, 39 fourth-time founders and 17 fifth-time founders.  

Over half of the VC-backed founders have a bachelor’s degree as their highest educational level coming in at 53 percent whilst 34 percent have a master’s degree and 4 percent have a Ph.D. The more educated founders tend to be women, a third of them have a bachelor’s degree, 10 percent have a Ph.D. and 20 percent have a master’s in business administration (MBA).  The MENA region has certainly never been short on talented entrepreneurs.

Fadi Ghandour, founder of Aramex and executive chairman of Wamba stated “Saudi and UAE and Egypt are the three markets of size and significance of government and private and institutional support. That is where the entrepreneurs are coming and where they are trying to solve the digitization of bricks and mortar companies.”

Photos : .wamda.com – arabnews.com

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High-tech trains are coming to Cairo

11 May 2023 Comments (0) Featured, Technology

Egyptian Passengers will soon be able to travel through their country aboard a high-speed train. Indeed, the German group Siemens deals to construct 2,000 kilometers of high-speed rail lines across Egypt. The project aims to connect 60 cities by train, at speeds of up to 250 kilometers per hour.

Rail travel is the most important method of passenger transportation in Egypt with 800 million passenger miles annually. Most of the network connects the densely populated urban areas of the Nile delta with Cairo and Alexandria as switching points. Train fares in commuter trains and 3rd class passenger trains are subsidized by the government as a social service.

Egyptian rail before

The history of Egypt under British rule lasted from 1882 to 1956 (the Suez Crisis), and we all know that Britain was a huge promoter of rail infrastructure: witness the 60, 000 km of line in India. The British introduced rail to Egypt in 1854.  Egypt has less than 20% of India’s rail length, yet it will soon have a rail network availability that any country would be proud of.

The development

Between September 2021 and May  of 2022, the German industrial group Siemens Mobility deals to construct 2,000 kilometers of high-speed rail lines across Egypt. The deal is worth over €8 billion and includes 41 high-speed trains, 94 regional trains, and 41 freight trains. It will connect 60 cities by train, at speeds of up to 250 kilometers per hour, providing rail access to around 90% of the population. The maximum speed is 250 km / h but the operational speed of electric express trains is 230 km / h. The safety and speed factors offer any business transporting goods huge incentives to switch from road to rail as their network of choice.

The network from Abu Simbel to Cairo

Egypt will have the largest and most modern high-speed rail network in the Southern hemisphere! The City of the Dead, Cairo Necropolis, will soon be bustling with activity. The second stretch of track will connect Cairo with Abu Simbel.

Trains offer many advantages over other forms of travel. The check-in times are almost non-existent when compared with the two hours required on flights. Given a maximum speed of 250 km/h, that means that one could travel a distance of almost 1000 km in just over four hours! Baggage limits are generous, and the comfort factor on trains is a huge bonus.

Travelling through the desert at speed in an air-conditioned carriage gives one an opportunity to see a huge area of the country, an advantage not possible when flying commercially. When people choose to travel by express train rather than by car, it reduces traffic congestion. Trains also have a very good safety record, and the impact on the environment is less damaging to the environment than road travel. In addition, the new lines will aid in the economic development of existing and previously inaccessible towns.

Other benefits of the network

The benefits are not all about travel – over 500 new jobs will be created, and construction and technical staff from Siemens and associated companies will train staff from Orascom and other Arab contractors. The benefits to the nation of skilled technicians cannot be understated. Over 90% of the Egyptian population will soon have access to fast, cheap, and safe transport! That statistic is something for Egyptians to feel proud of, and it is a figure unmatched anywhere in Africa, and indeed even by several developed western countries.

Egypt presently has a population of almost 110 million, giving a population density of over 100 per square kilometer, which gives rise to frequent traffic jams and much pollution. An estimated 30 million passengers will travel annually on the new line that reduces travel time by 50%. It is hoped that volume of freight by rail will increase from the present 5% to 15%. 

The modernization of public rail travel in Egypt is on the fast track!

Photo : travelandleisure.com

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Sheikha Al-Mayassa grows Qatar’s place on the artistic stage

28 April 2023 Comments (0) Featured, Leaders

Sheikha Al-Mayassa bint Hamad bin Khalifa Al Thani, the sister of Qatar’s absolute monarch Emir Tamim bin Hamad Al Thani, is well known for her love of art. The daughter of the country’s father, Emir Hamad bin Khalifa Al Thani, – himself a notable art enthusiast – she has been declared the most influential person in art on Art+Auction’s top-10 list and ArtReview’s Power 100, and she has even appeared in the Forbes’ list of World’s 100 Most Powerful Women in 2014. Her plans to expand Qatar’s already impressive art and museum collection show no plans of slowing, with three new museums set to open soon, showing off Qatar’s culture to the world.

A prominent family name in the art collecting sphere

The 31 year-old is often called the Queen of the Art World, and as the chair of Qatar Museums and a prominent art collector, the title is well-deserved. She has overseen recent purchases of works by Damien Hirst, Andy Warhol, and Mark Rothko, as well as the record-setting purchase of Cezanne’s “The Card Players” for $250 million. In fact, it is said that Sheikha Al-Mayassa has nearly a billion euros to spend per year and has paid enormous sums for more than one major masterpiece.

Despite this, Sheikha Al-Mayassa did not actually study art, and instead she holds a double major in literature and political science from Duke University. Her prominence in the art world is not a surprise, however, as the Al-Thanii family, the absolute monarchy that rules the country, has several notable art collectors in its ranks. This includes her father, Sheikh Hamad bin Khalifa Al Thani, former Emir of Qatar from 1995 to 2013 and current President of the Museum’s of Qatar, the most important institution for the culture and art in the country.

Qatar’s art is open to world

Sheikha Al-Mayassa is a firm believer that creative and cultural work is a driver of economic growth, and points to both the M7, Qatar’s epicenter for innovation and entrepreneurship in design, fashion and tech, and an exhibition with Al Jazeera for its 25th anniversary, which ‘put Qatar on the map 25 years ago’ as evidence of this.

Especially in the wake of the World Cup, which has seen the international community take more and more notice of the small gulf country, she has been keen to promote the artistic and cultural attractions of Qatar. She has said that, “We’re trying to show the diversity of the Arab world, but also we want people to experience Qatar as it really is,” and that, “there are interesting exhibitions about the Arab world that [were showcased for the very first time at the world cup].”

Among the various offerings are 18 public artwork installations, the Museum of Islamic Art, Mathaf: the Arab Museum of Modern Art, the Al-Riwaq gallery, Qatar National Museum, and more.

This list is only set to grow with the opening of three new major museums:

  • The Art Mill, which will consist of a center with galleries exhibiting modern and contemporary art and that will run a program for resident artists, and whose construction will be under the control of Chilean architect Alejandro Aravena, a winner of the 2016 Pritzker Prize.
  • The Lusail Museum, designed by the Herzog & Meuron architecture studio and which will house the world’s most extensive collection of oriental drawings, paintings, photographs, sculptures and texts.
  • The Qatar Automobile Museum, an enormous 40,000m2 building that will showcase the history of the car from its invention to the present day. It will be the work of OMA, the architecture firm founded by Rem Koolhaas.

Sheikha Al-Mayassa has said that their goal is to develop a cultural ecosystem in Qatar that encompasses museums, exhibition galleries, an ambitious public art program, schools, film, photography and performing arts festivals, events, spaces for emerging creatives and fashion professionals and of design. She said, “We know that culture and the creative industries are key drivers of economic growth, both in Qatar and globally. And another of our priorities, closely related to the development of a cultural ecosystem, is to help introduce Qatar to other nations and cultures and to welcome people from those countries. We encourage creativity and intercultural understanding.”

 

Photos : graziamagazine.com – ft.com – tdg.ch

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Astral Aviation expands towards Abu Dhabi

29 March 2023 Comments (0) Business

Astral Aviation has just signed a code-share agreement with fellow Kenyan cargo operator, Kenya Airways Cargo. It has also just signed a memorandum of understanding (MOU) with Etihad Cargo, and looks set to take advantage of the closer ties being sought by the two countries.

Astral Aviation, a cargo-only airline in Africa flying scheduled routes to 20 destinations across the continent, has just signed a code-share agreement with fellow Kenyan cargo operator, Kenya Airways Cargo. It has also just signed a memorandum of understanding (MOU) with Etihad Cargo to enhance cooperation between the two entities. With these partnerships, Astral Aviation hopes to increase trade between Africa and the Middle East. The announcements come off-the-backs of several other partnerships announced earlier in the year, including an agreement with Air Logistics Group, the world’s leading cargo sales and services agent, that would increase online booking capacity for the airline. As Astral Aviation has just celebrated 22 years in operation, we look back at its interesting history.

The humble beginnings of the company

Although Astral Aviation now flies regularly to 20 destinations across Africa, and delivers everything ranging from perishable goods, vaccines, mining equipment, up to humanitarian aid, it started in a very different, and much less secure position. Upon its foundation in November 2000, it was a simple charter airline operating wet-leased (where the aircraft owner will supply air crew members along with the aircraft) Russian-owned Antonov planes.

At the time, the company did not have the funds for Boeing or Airbus freighters, so Astral Aviation began operations with three Antonov AN-12 turboprop planes transporting UN food aid to Somalia, South Sudan and the Democratic Republic of the Congo. Eight years later, Astral Aviation was in a position to be able to renew its fleet, where it returned the aging Russian turboprops and instead dry-leased (where the aircraft is leased without crew) Douglas DC9 freighters. This fleet was then expanded with McDonnell-Douglas MD83s, and eventually with Africa’s first Boeing 767-200F.

Recently, Astral Aviation has made the news again by ordering the first Brazilian-made Embraer E190Fs in Africa. They join a long order list: two Boeing 767-300Fs, two Airbus A330-200Fs, four A330-300P2Fs, and four Boeing B777-300ERSFs. These aircraft will join the current fleet of 14 that includes four Fokker 50s – used for short landing strips in remote areas – and two Boeing 747-400Fs.

Covid-19 creates huge demand for cargo carriers 

Astral Aviation found itself extremely busy during the first fourth months of Covid-19, flying every single day. Originally this was perishables and pharmaceutical cargo, and then increasingly, masks, personal protective equipment, and PCR and rapid-testing equipment. Astral found itself delivering to 48 of the 54 African countries.

When the first vaccines arrived in 2021, Astral Aviation was ready to assist. In particular, a million doses of AstraZeneca, refused by the Kenyan Government due to the lower efficacy shown against the dominant variant in Kenya at the time, were re-distributed across 16 other countries on the continent. To date, Astral Aviation estimates they have delivered 59 million doses of Covid-19 vaccines across Africa.

As jet fuel prices soar, cargo operators face new pressures

In February 2022, Russia invaded Ukraine. The resulting backlash against Russia saw it ostracized from much of the international community and demand for its oil and gas exports fell, or were intentionally cut off. Fuel prices across the world rose quickly, with jet fuel right alongside.

Cargo airlines like Astral Aviation found themselves facing costs rising by as much as 35%, in part due to the older age of cargo aircraft compared to those operated by passenger airlines. For example, production of the Boeing 727-200Fs that Astral Aviation leases ended in 1984, and the aircraft is significantly less efficient than more modern planes. On top of this, cargo flights are typically unbalanced between outward and return journeys – a flight from Europe to Nairobi will be nearly full of high value-added products, but on the return trip Astral Aviation often has no choice but to fly a near-empty plane. Nonetheless, the airline has shown resilience and continued to operate.

Closer links to the Middle East could fuel growth for Astral Aviation

In October 2022, Kenya and the United Arab Emirates agreed to expedite trade agreements and investment opportunities between the two countries. Astral Aviation’s new code-share agreement with Kenya Airways Cargo and MOU with Etihad Cargo will mean Astral Aviation is likely to see more flights into Abu Dhabi, taking advantage of the closer ties being sought by the two countries.

Photos : aircargonews.net

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