Category: MENA

BEIJING, Dec. 2, 2022 /PRNewswire/ — A report form CRIOnline:

Power Construction Corporation of China (PowerChina), one of the first batch of Chinese companies to expand their international business into Africa, has implemented many large-scale infrastructure construction projects in multiple countries across the southeastern part of the continent, making positive contributions to African economic development and the improvement in the livelihoods of local populations.

Karuma Hydropower Station, the largest such station under construction in Uganda, makes full use of water resources from the upper Nile River and will give a strong impetus to the country’s economic development once completed. Prior to commencing the project, PowerChina undertook eight impact studies during which experts were invited to evaluate the local biological environment and help decide the construction model, before finally deciding in tandem with the station owner to bury the generator set, large transformer and other equipment in an underground space. In addition, during the construction process, all work will be handled in such a way that all the original ground vegetation will be preserved to the greatest extent possible for peaceful coexistence with local indigenous wildlife.

In Zimbabwe, a country rich with local traditions and cultures, PowerChina conducted a series of systematic surveys with the local population before building the Hwange Thermal Power Station, the largest ever such facility in the country. To avoid conflicts due to misunderstandings, all Chinese employees were required to receive cultural competency training to respect local customs, while Chinese management concepts and systems were  made fully transparent to Zimbabwean employees.

Since the establishment of the project team for the Andekaleka Power Plant in Madagascar in 2018, PowerChina has pulled out all the stops to overcome the obstacles due to cultural, habitual and professional differences, and finally succeeded in implementing the project. The facility is expected to meet 50% of the electricity demand for the country’s capital of Antananarivo once it is put into operation by the end of 2022.

Despite the cultural differences, people have the same thoughts and aspirations everywhere. Every employee at PowerChina firmly believes that only by proactively engaging with the world’s many diversified cultures and interacting with the many social groups of every country and region in which they operate, can they inject lasting vitality into their international business and achieve common development with all customers, partners, stakeholders and local residents.

Vantage App is also available on more phone models

PORT VILA, Vanuatu, Dec. 1, 2022 /PRNewswire/ — Vantage (or “Vantage Markets”), the multi-asset broker, has launched social trading on the Vantage App, making it an all-in-one trading app that supports both regular trading and social trading.

Social trading is an innovative feature that turns trading into a social event. Experienced traders can share their trading strategies as signal providers. Novice traders will be able to follow numerous signal providers, gain insights from experienced investors, and trade their strategies by mirroring the trades of others.

The Vantage App offers access to over 1000 trading instruments including CFDs on Forex, Commodities, Indices, Energy, Shares, ETFs and Bonds.

It has an intuitive in-app navigation and provides a comprehensive range of charts, technical tools, order types, personalised trading reports and alerts. Available in 14 languages, the Vantage App also offers market analysis and market news powered by Trading Central and FX Street.

With the growing demand for mobile trading in mobile-centric markets, the Vantage App is now supported on OPPO, VIVO, Huawei, Xiaomi, and Samsung devices, on top of iOS and Android devices.

Lian Jie, Assistant App Marketing Director at Vantage explains how the new feature is revolutionizing the traditional CFD industry. “As our active investor profile gets younger, our clients have been more willing to explore and adopt innovative trading methods like social trading, going beyond traditional trading methods. At Vantage, we understand how technology and innovation can transcend boundaries, so we have utilized the power of technology in our Vantage App to meet the needs of the next generation and provide a seamless and convenient experience for all our clients.”

About Vantage

Vantage  (Vantage Global Limited (VFSC 700271) ) is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, ETFs and Bonds.

With more than 13 years of market experience, Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

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Coalition for Digital Africa to Collaborate for Greater Internet Access, Connectivity

ADDIS ABABA, Ethiopia, Dec. 1, 2022 /PRNewswire/ — The Internet Corporation for Assigned Names and Numbers (ICANN) today launched the Coalition for Digital Africa, an initiative aimed at expanding the Internet in Africa. Conceived by ICANN, the Coalition is an alliance of like-minded organizations committed to building a robust and secure Internet infrastructure to bring more Africans online.

Home to the youngest population on the planet, 70 percent of whom are under age 30, Africa has one of the fastest-growing Internet penetration rates in the world. Internet connectivity is growing by leaps and bounds – from 1.2 percent in 2000 to 43 percent in 2021 – driven by a digitally savvy, young, and educated urban workforce for whom adopting and using online services is second nature.

“The Coalition for Digital Africa provides an opportunity for new ways of cooperating and collaborating among diverse stakeholders,” said ICANN President and CEO Gӧran Marby. “Though the Coalition was initiated by ICANN, its success is dependent on synergistic work with other organizations – be they local, regional, or international – who are united in their aim to enhance Africa’s Internet infrastructure, increase the rate of Internet access, bolster Internet security, and raise the level of participation from Africa in multistakeholder policymaking development.”

The Coalition will further promote innovation aimed at building technical capacity and encourage entrepreneurialism by enabling people to access the Internet using their own languages and scripts. While its official launch took place during a press conference at the 17th annual Internet Governance Forum, the Coalition already has rolled out activities in pursuit of its goals.

To make the Domain Name System (DNS) infrastructure in Africa more robust so that it can cater to the rapid growth, the Coalition announced the installation of an ICANN Managed Root Server (IMRS) cluster in Kenya last month. Another cluster is planned for a second location in Africa next year. These clusters enable regional Internet queries to be answered within the region, rather than being dependent on networks and servers in other parts of the world. The IMRS clusters will also reduce the impact of potential cyberattacks in Africa.

“The launch of the Coalition brings us one step closer to strengthening the Internet infrastructure in Africa. The Coalition provides an important vehicle to enable a better protected DNS and more secure Internet infrastructure in Africa,” said Mr. John Omo, Secretary General, African Telecommunications Union. Further noting that the establishment of the Coalition will play the important role of enhancing confidence in many online systems that are now being mainstreamed, even as the continent looks forward to growing Internet penetration in Africa from the current 43% to globally competitive levels.

The Coalition’s focus is on creating meaningful connectivity throughout Africa. The Coalition will begin by working to better adapt the Internet in Africa to enable digital inclusivity and creating opportunities to spur the growth of local content and businesses. Key to that effort is Universal Acceptance, or UA, which ensures that all valid domain names and email addresses, regardless of length or script, can be used by all Internet-enabled applications, devices, and systems. With UA, people who are already connected, and those who will be connected in the future, can communicate over the Internet and access local content in their preferred languages and scripts.

One way the Coalition will tackle this is through a project led by the Association of African Universities aimed at making email and other systems within higher education UA-ready. This is an essential step toward ensuring an Internet that is both useful and empowering for all people.

“This is an important and welcome initiative for Africa. Improving the technical capacity of higher education institutions across the continent is imperative for a digital Africa,” said Olusola Bandele Oyewole, Secretary General of the Association of African Universities. “We are happy to take part in this journey to give African Internet users the opportunity to be part of a truly global, inclusive, and multilingual Internet.”

The Coalition for Digital Africa comprises governments, regional and international organizations, and the local Internet community. Inaugural partners of the Coalition also include the African Information Network Centre, AfRegistrar Association, Africa Top Level Domain, Africa Telecommunications Union, Association African Universities, Association Française pour le Nommage Internet en Coopération, International Telecommunication Union-Development Sector, and Network Startup Resource Center.

More information is available at www.coalitionfordigitalafrica.africa.

ICANN’s mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you have to type an address – a name or a number – into your computer or other device. That address must be unique, so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a not-for-profit public-benefit corporation and a community with participants from all over the world.

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