Morocco to build world’s largest concentrated solar power plant It may be famous for its meandering medinas and the scenic Atlas Mountains, but Morocco might soon make its name as a solar superpower. The north-western African nation is building the world’s biggest concentrated solar power plant, which will supply electricity to 1.1 million Moroccans by
Inside the world’s richest diamond mine
Inside the world’s richest diamond mine Debswana’s Jwaneng mine is a giant cauldron of pale dust, 2 kilometers across at its widest point and patrolled by colossal 300-tonne trucks that labor up the terraced slopes. The operation, owned as a joint venture between De Beers and the government of Botswana, is the richest diamond mine
UAE earmarks key sectors like railways, housing, ports, roads for investments in India
UAE earmarks key sectors like railways, housing, ports, roads for investments in India Oil-rich United Arab Emirates (UAE) has identified key sectors includingrailways, housing, ports, roads andrenewable energy (mainly solar) for investments in India as part of the $75 billion announced during Prime Minister’s August trip to the Gulf nation that marked a paradigm shift
Here’s Why Consumption in Latin America’s Biggest Economy Is Taking a Hit
Here’s Why Consumption in Latin America’s Biggest Economy Is Taking a Hit When Brazil’s Dilma Rousseff was sworn in for her second presidential term in January, she proclaimed that maintaining jobs and raising salaries were her “greatest priority.” Months later, real wages are falling and — even with people leaving the workforce — unemployment has spiked to
Zambia expects $1 bln in deals with China at Africa summit
Zambia expects $1 bln in deals with China at Africa summit Zambia expects to clinch $1 billion in Chinese investment and loans at this week’sChina-Africa summit in Johannesburg, a presidential spokesman said on Tuesday. Presidential spokesman Amos Chanda said Zambia was expected to conclude deals with China in infrastructure projects such as roads, railways, power
How Kuwait wants to move away from oil
How Kuwait wants to move away from oil Kuwait is increasing efforts to reduce its reliance upon oil production, including encouraging more young people to launch their own businesses. Read More… How Kuwait wants to move away from oil
Indian companies boost green bond offerings on govt’s clean-energy push
Indian companies boost green bond offerings on govt’s clean-energy push * Private and public sector borrowers tap market * Strong issuance growth seen to fund renewable energy needs * Policy push key driver of volumes By Umesh Desai HONG KONG, Nov 27 Indian companies are beginning to embrace green finance to fund environmentally friendly projects,
Prime Minister Narendra Modi, Francois Hollande jointly launch solar alliance
Prime Minister Narendra Modi, Francois Hollande jointly launch solar alliance Prime Minister Narendra Modi along with French President Francois Hollande today jointly launched the International Solar Alliance and pledged India’s assistance of USD 30 million for the initiative that brings together developed and developing countries. Modi also announced that India will host the initiative in
China Ups Africa Commitment Even as Both Their Fortunes Fade
China Ups Africa Commitment Even as Both Their Fortunes Fade China is upping its game in Africa even as its own economy cools and a global slump in commodities hampers the outlook for the world’s poorest continent. At a summit in Johannesburg with dozens of African heads of state President Xi Jinping, on his second
Dear Canadian entrepreneurs: Silicon Valley wants you to stay home
Dear Canadian entrepreneurs: Silicon Valley wants you to stay home Silicon Valley entrepreneurs have a message for Canadian entrepreneurs: Stay home. That doesn’t mean you can’t visit the land of digital milk and honey – you should visit. As often as possible, in fact. “There’s no substitute for Silicon Valley. It’s just a very unique
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