Graphic designer work on computer laptop and with graphic drawing pen

All-Stars Jury Announced for the Second Edition of the ABS Digital Art Prize, First Prize of its Kind to Celebrate NFT Art

Graphic designer work on computer laptop and with graphic drawing pen
  • Launched in 2022 by the Swiss private bank Arab Bank Switzerland, the Prize is the first award by a major institution to recognize and celebrate digital artists in the NFT space.

 

  • The jury, presided by Claire Silver, includes Dave Krugman, William Mapan, Marjan Moghaddam, Nicolas Gonet, and Rani Jabban.

 

  • The call for applications of this second edition will open on the theme “Journey(s) in Art: Pushing the Boundaries”’ on January 15, 2024 and will run for two months, offering the winning artist(s) the chance to gain a 15,000CHF prize and visibility opportunities across the globe. 

 

After the successful launch of the world’s first Digital Art Prize recognizing NFT artists in January 2023, the private bank Arab Bank Switzerland, patron of the arts and pioneer in digital assets, continues to bridge traditional and digital worlds. This second edition further establishes the Prize as a staple in the digital art field, and sees major creators joining the jury in its quest for the next rising digital artist.

 

The jury will comprise of:

  • Claire Silver, President of the second ABS Digital Art Prize, is an anonymous Artificial Intelligence artist renowned for exploring themes of innocence, trauma, the hero’s journey, and how our view of them will change in an increasingly transhumanist future. Claire’s art can be found in the collection of the LACMA, has been sold at Sotheby’s and Christie’s, and has been exhibited all over the world. 
  • Dave Krugman is a New York based Photographer and founder of ALL SHIPS, a creative community gathering artists and creatives. His photography is rooted in the idea that beauty lies at the confluences of certain circumstances, to be uncovered and brought to light by careful observation and well-practiced technique.
  • William Mapan, based in Paris, is regarded as one of the most talented generative artists of his generation. William’s ability to convey emotions through code remains unseen. His abstract digital paintings, renowned for their unique interplay of color and texture, evoke tangible emotions as though created from traditional materials like paint, charcoal and graphite. 
  • Marjan Moghaddam, Winner of the first, 2023 ABS Digital Art Prize, is a leading female 3D artist and OG Crypto Artist exhibiting animation, print, sculpture, installation, and AR/VR. She has been exhibited in prestigious galleries and museums, including the Smithsonian and is a Tenured Professor of Digital Art in Brooklyn. 

 

Completing the jury for the second time are Rani Jabban, Managing Director of Arab Bank Switzerland and Nicolas Gonet, Board Member of Gonet & Cie and Arab Bank Switzerland. 

 

Rani Jabban, Managing Director of Arab Bank Switzerland, added:  “We’re proud to be joined by prestigious artists and collectors from the digital art world for the second consecutive year, a reflection of the confidence and importance of this Prize in the space.”

 

The call for application will start on 15th January until the 15th March 2024, and will need to be related to the theme “Journey(s) in Art, Pushing the Boundaries”. This creation, a unique piece, will be minted on the occasion or will have already been minted (eth or tezos) in 2023 or 2024 and still in the possession of the artist.

 

After a pre-selection and deliberation phase, the jury will announce and celebrate the winner of this second edition during the Non Fungible Conference in Lisbon. In addition to a Prize of 15,000 CHF and being included in the Arab Bank Switzerland’s Digital Art Collection, the winner will be offered significant networking and visibility opportunities at special events around the world. 

Fire safety

How to Protect Your Business With 5 Simple Steps

Fire safety

As winter approaches, the likelihood of indoor fires surges within businesses. This heightened risk stems from various factors, including the increase in the use of central heating systems, the installation of festive decorations in workplaces and end-of-year fatigue. The Detailed Analysis of Fires Attended by Fire and Rescue Services Report published by the government in September has revealed that between 2022-23: 

  • A staggering 29% of fires stem from mishandled equipment or appliances
  • Misuse of appliances caused 13% of fires in 2023
  • Flames sparked by flammable items and coming into contact with heat accounted for more than 15% of last year’s blazes
  • Worryingly, 43% of fires go unnoticed by smoke detectors across the UK  

 

To protect your employees, customers, and assets, it’s crucial to take measures to mitigate this risk. In response, Simon Walter, Director at health and safety consultancy firm Rhino Safety, has compiled a set of invaluable tips to help you maintain a secure business environment throughout winter.

 

Conduct a Risk Assessment

Conducting a thorough fire risk assessment involves several key steps. Initially, identify fire hazards and at-risk individuals. Then, evaluate and mitigate these risks, record findings, and provide training as well as develop an emergency plan. Regularly review and update the assessment. Consider the specific needs of vulnerable individuals. If conducting the assessment yourself, use standard guides. If not, appoint a professional risk assessor. Seek advice from your local fire and rescue authority, but remember, they won’t conduct assessments for you.

 

Install smoke alarms

Installing smoke alarms on every level of your workplace is an important step in keeping employees safe. Installing them is just the first step, you must test your smoke alarms regularly to ensure that they are working properly. Most experts recommend testing your smoke alarms once a month. You should ensure that the batteries are changed at least once a year. Put a date in your calendar and stick to it. 

Whilst ensuring your smoke alarms are always working, if they aren’t in the right place, then the smoke won’t reach them. According to research,  43% of fires where the smoke alarm didn’t go off, it was because the fire products did not reach the detector. 

 

Have a fire escape plan

Creating and practising a fire escape plan regularly is an important step in keeping everyone safe in the event of a fire. This plan should outline the steps that all employees should take to evacuate if a fire occurs.

To create a plan, start by drawing a floor plan of your workplace. Be sure to include all doors, windows, and stairways, as well as any other potential exits. Next, identify two ways out of each room, in case one of the exits is blocked by fire or smoke.

Once that’s done, run through the plan with everyone in the company. You can even practice it so that they become familiar with what to do in the event of a fire. Everything from how to leave safely, to where the designated meeting place is. This may seem extreme, but having a plan ensures that nobody panics in the event of a fire. 

 

Don’t overload electrical outlets or extension cords

Overloading electrical outlets and using frayed or damaged electrical cords are common causes of indoor fires. To prevent these types of fires, don’t overload electrical outlets or use damaged chords. Last year,  29% of all accidental fires were caused by the misuse of equipment or appliances

When using electrical outlets, be sure to avoid plugging in too many devices at once. Each outlet is designed to handle a certain amount of electrical current, and using too many devices at once can cause the outlet to overload and potentially start a fire. To avoid overloading an outlet, use a power strip or surge protector to distribute the electrical load among multiple outlets.

In addition to avoiding overloading outlets, it is also important to never use frayed or damaged electrical cords. Frayed or damaged cords can easily become a fire hazard, as the exposed wires can short-circuit and cause a fire. If you notice that an electrical cord is frayed or damaged, stop using it immediately and replace it with a new one.

 

Stay informed 

Staying informed about fire safety and being prepared to take action in the event of a fire is an important part of keeping employees safe. To stay informed, it is helpful to read up on fire safety guidelines and tips and to attend any fire safety presentations or classes that may be offered in your area.

Educate yourself about common causes of fires and how to prevent them. This includes learning about the proper use and maintenance of appliances and electrical devices, the dangers of smoking indoors, and the importance of having working smoke detectors and fire extinguishers in your office.

Stay up to date with local news and emergency alerts and consider signing up for a fire safety class or training. Many fire departments offer classes and workshops on fire prevention and response, which can provide valuable knowledge and skills for staying safe in the event of a fire.

Back view of Man in business suit giving a speech on the stage in front of the audience

Verofax is Selected by PwC Middle East Among Top Future50 Climatech Start-Up

Back view of Man in business suit giving a speech on the stage in front of the audience

Verofax a compliance and commerce SaaS solution provider has been selected among the top Future50 climate tech start-ups by PwC Middle East to help enterprises’ accelerate on their path to Net Zero.

PWC had scoured the region and short-listed from 500 businesses across 11 categories of impact. Verofax was selected among top 6 Climate Change Management and Report (CCMR) startups for its sustainable traceability solution to help decarbonize industries and enable validated exports in line with recent regulations like EU’s Carbon Border Tax (CBAM).

PwC Middle East revealed the 50 pioneering start-ups in the Middle East at Net Zero Future50′ launch event highlighting the groundbreaking technologies and achievements in climate management and carbon emissions reporting, in addition to opportunities and challenges in growing and scaling climate tech businesses.

Dr Yahya Anouti, Partner at Strategy& and Sustainability Leader at PwC Middle East, said: “Climate tech innovation in the Middle East is being driven by some of the most dynamic entrepreneurs in our region, championing new technologies to accelerate the path to net zero. As we stand just days away from the world’s most important climate conference — COP28, taking place here in the United Arab Emirates, we are excited to shine a light on regional innovators whose organisations, we feel, are making the biggest difference in reducing emissions and accelerating decarbonisation in our region. The PwC Net Zero Future50 – Middle

East report identifies leading organisations in this space, and discusses the challenges they face in their ambition to grow and scale. Their range and diversity highlights the vibrancy of the start-up and small companies scene in the region. “

 

Verofax’s automates compliance, traceability and verification

As more countries are looking to decarbonize their economy, the EU and US have recently introduced regulations to curb imports of high-emission commodities such as steel, Aluminum, cement, fertilizers, chemicals and energy. The EU Carbon Border Tax regulation came into effect on August 17 and reporting became mandatory for exporters on October 1st. Existing ERP systems are not built to aggregate data across supply chain and prevent double counting. Thus compliance with operational standards for measuring and reporting in accordance with ISO 14064 standards becomes an unsurmountable challenge for exporters needing to have their multi-tier supply chain comply with such operating procedures, which increases cost significantly. Not complying is also not an option with up to 35% of revenue in tariffs levied at

European Union border customs. The problem necessitates commodity passporting and emissions tracking without the risk of double counting.

Wassim Merheby, CEO of Verofax, said, “Existing ERP systems are siloed by design, which hinders the capability of having immutable data and certifications verified on interoperable system for all stakeholders from material collectors to recyclers, exporters, customs and clients. Verofax offers an award-winning Digital Passporting and traceability solution for multi-tier supply chain verification, enabling seamless compliance and verification of Carbon emissions. The Gulf region trails behind India and other markets that recycle up to 80% of targeted commodities. Recycling can reduce emissions by up to 95%, thus markets with lower recycling threshold are at risk of being priced out of the EU market. The UAE for example, exports $1.5B to the EU mainly Aluminum, and recycles under 10% to date. With Verofax emission verification and commodity passporting, exporters have a great opportunity to trail a path towards export growth.”

Patricia Keating, Scale Lead at PwC Middle East, mentioned “In our analyses of the Middle East climate technology landscape, we see the founders of climate tech companies driving innovation that’s helping to reduce emissions and accelerate decarbonisation. We found that the largest share of our NetZero Future50 companies are working ontechnologies within the sectors responsible for most GHG emissions: With Industry, Manufacturing and Resource Management contributing 29% of Middle East GHG emissions and Energy at 46%.”

Verofax Digital passporting & Traceability solution for compliance verification automation ensures the validation of commodities emissions, commodity provenance, prevent recycling double counting, across tiered supply chain. By calculating and verifying low carbon emissions from mining or waste material collection, Recycling, repurposing and transportation, exporters will lower their costs and increase market access to EU & US in compliance with regulations.

Mauritius beach

Increased London Flights to Mauritius Welcomed

Mauritius beach

Air Mauritius will boost its frequency from five weekly flights to a daily service to London and move its operations from London Heathrow Airport to London Gatwick Airport from 29th October 2023. The move is welcomed by British tourists and second home owners who according to a study by Trip Advisor put Mauritius as a top 3 trending destination in 2023.

As a holiday destination Mauritius attracts over 1.3 million tourists each year to enjoy its beautiful turquoise sea, lush tropical beauty and high end hotels.  The island is also a popular place to live and own a holiday home. From 2014 to 2022 Mauritius issued a total of 1,198 residence permits to UK nationals of which 11% are retirees.

The lifestyle and 2,900 hours of sunshine a year are a big draw, but so too are the high-quality amenities, good infrastructure and services, and a hospital system that meets international standards. There are also many favourable tax advantages such as no inheritance or wealth tax, no foreign exchange controls, no capital gains tax and foreign ownership of property is allowed.

The leading resort community in Bel Ombre, Mauritius, Heritage Villas Valriche has welcomed the new flights and believes the improved accessibility will make Mauritius even more attractive to those looking for a holiday home in the sun.

Heritage Villas Valriche is a collection of 288 luxury villas and is in its last phase of development in a unique location in the preserved south of Mauritius.

Sales Manager Christophe Piquet says: “The additional flights are a bonus and makes the island even more accessible. With only a 3 hour time difference between us and the UK there is no jet lag when you travel here, and that also makes working from here easier too.”

The development has now introduced some stunning contemporary villa designs, with an excellent choice of ocean, golf course or mountain views. Beautifully arranged within mature landscaped gardens and palm lined avenues, the luxury collection of contemporary villas have been designed by a leading team of architects to complement the stunning natural surroundings. In addition, there is also a range of generous plots of sale for those who would prefer to design and build their own luxury residence.

Villa ownership comes with an electric golf cart to get around the estate, and privileged access to a range of world class facilities and services, including golf club membership, access to an exclusive sports centre and pool, a private beach club and to two 5* hotels  Heritage Le Telfair and Heritage Awali with spas. There is also an excellent choice of first-class restaurants and bars to choose from.

The estate will appeal to nature lovers as it is close to an azure blue lagoon teeming with marine life and there is an enchanting nature reserve to explore, on the doorstep.

Each villa is built on a private land plot ranging from 600m2 to 2,600m2. 1 000 m2 plots start from $552,633 and off plan contemporary villas start from US$1,300,000 including land and registration fees.

The development is part of the Integrated Resort Scheme (IRS) which gives owners residency rights for the owner and their family.

Example Property

Villa Bright – Price US$1,300,000
This fabulous 2/3- bedrooms villa is located next to a nature reserve in the preserved south of Mauritius and is just a few moments’ walk from the turquoise-coloured Indian Ocean and a long sandy beach.

The 162 sq.m home has a contemporary architecture, with large glass doors opening from the living area onto a patio with seating and dining area, and an outdoor pool alongside the fairway of hole 14 of the famous Château Golf Course.

The home also benefits from 24/7 hour security and maintenance of your villa and the landscaped common areas.

Tel +230 6235620, Email: [email protected]

RAKEZ and Amazon UAE MoU Signing Ceremony

RAKEZ and Amazon UAE Collaborate to Empower SMEs to Grow Online

RAKEZ and Amazon UAE MoU Signing Ceremony

Ras Al Khaimah Economic Zone (RAKEZ) and Amazon UAE have entered into a strategic collaboration to enable businesses registered within the hub to sell their products to millions of customers across the UAE on Amazon.ae. The initiative is aimed at supporting small and medium enterprises (SMEs) to scale their businesses online, by enabling them to leverage Amazon’s capabilities, tools, services, programs and people to navigate the digital economy.

 

The collaboration was cemented through the signing of a Memorandum of Understanding (MoU) between RAKEZ Group CEO Ramy Jallad and Amazon Seller Success Director in MENA Jasmin Frick.

 

As part of the collaboration, members of the RAKEZ business community will have access to a suite of Amazon’s services including tools for seamless seller registration and onboarding; seller education through on-site training, in-person workshops and live webinars; and support teams to ensure a smooth digital journey.

 

RAKEZ Group CEO Ramy Jallad said, “With the UAE’s e-commerce industry expected to reach USD 9.2 billion in 2026, SMEs operating in the online space have a huge potential to unlock greater success. In this light, we are thrilled to collaborate with Amazon, to provide the SMEs in our community the opportunity to gain access to Amazon’s array of capabilities to reach new heights.”

 

RAKEZ is home to over 18,000 companies, with a significant number of SME businesses focused on product sales. Jallad added, “By providing SMEs with the tools to scale up, we anticipate a surge in online sales, innovations, and the strengthening of the UAE’s online retail landscape. This aligns with our ongoing mission to support the SME sector in Ras Al Khaimah and underscores our commitment to bolstering the UAE’s overall non-oil economic diversification.”

 

Jasmin Frick, Director of Seller Success at Amazon MENA, said, “At Amazon, SMEs are core to our customer-centric mission. Our sellers play a pivotal role in enriching our customers’ experience, offering a wider selection of products and competitive prices. Selling on Amazon.ae offers sellers an opportunity to expand their footprint as they tap into our business model to better serve the millions of customers that visit Amazon every day across the UAE. This is closely aligned with our goal of hosting products from 100,000 businesses, including local SMBs, on Amazon.ae by 2026, in alignment with Dubai’s Economic Agenda D33.”

Two suitcases in an empty airport hall

Saudi Tourism Authority and JCB Sign a MoU to Boost Tourism in Saudi Among Global JCB Cardmembers

Two suitcases in an empty airport hall

Saudi Tourism Authority (STA) and JCB International Co., Ltd. (JCB) have reached a historic agreement aimed at boosting tourism in Saudi among JCB cardmembers globally. The Memorandum of Understanding (MoU) was signed on 15 October 2023 and signifies a significant milestone in collaboration between the two entities.

Alhasan Aldabbagh, President of Asia Pacific Markets at Saudi Tourism Authority (STA), said: “We are thrilled to partner with JCB International, a global leader in payment and technology. This is a great opportunity for our tourism industry, as it will offer more convenience, familiarity, and security for Japanese travelers and other Asian tourists who prefer to use cashless payment methods. We believe this collaboration will enhance the appeal of Saudi as a destination for international visitors and support our vision of becoming a leading global tourism hub.”

The partnership with JCB is anticipated to unlock various opportunities for cooperation between Saudi and Japan. Notably, Japan is one of the 57 countries eligible for Saudi’s e-visa and visa on arrival, with special benefits such as a free one-night hotel stay for tourists flying onwards on SAUDIA as part of Saudi’s 96-hour Stopover Visa program.

Other key initiatives include VisitSaudi.ja portal in Japanese and joint marketing campaigns with leading travel trade partners to create excitement all year round. Japanese holidaymakers can also take advantage of special hotel offers from local Destination Management Companies (DMC), with attractive deals inviting them to discover the true home of Arabia on their terms.

Mr. Yoshiki Kaneko, President and CEO of JCB International Co., Ltd, expressed his enthusiasm for the partnership: “This is a great chance for us to promote exciting travel experiences to Saudi for our cardmembers. Like Japan, Saudi is a truly unique destination, with fascinating nature, culture and history.”

He added, “We’ve been working closely with the leading local banks in Saudi such as SNB, Alinma Bank, Riyad Bank, ANB, and Bank Al Jazira on merchant and ATM enablement to ensure JCB’s 154 million card members enjoy a seamless experience in Saudi.”

This partnership signifies an important step in enhancing tourism, facilitating travel, and fostering greater cultural exchange between Saudi and Japan.

Pharmaceutical analytics, medicine study and scientist in South Africa checking vaccine results

After Covid-19 Close Shave, It’s Time For Africa Boost Its Healthcare

Pharmaceutical analytics, medicine study and scientist in South Africa checking vaccine results

Improving healthcare in Africa is a moral imperative and a strategic opportunity

In an increasingly interconnected world, the strength of a nation’s health security and systems holds paramount importance. Nowhere is this truer than in the diverse, young, and energetic continent of Africa, where the need to fortify health security has become a pressing imperative.

It is widely acknowledged that adequate healthcare infrastructure is the backbone of a strong health system. This includes hospitals, clinics, laboratories, supply chains, manufacturing, and data management systems.

Improving healthcare in Africa is a moral imperative and a strategic opportunity. Africa can unlock its human potential, accelerate economic growth, and contribute to global security and stability by investing in health.

Moreover, by strengthening its health systems and capacities, Africa can better prepare for and respond to future health threats, including pandemics such as Covid-19, which posed an unprecedented challenge to the continent’s healthcare system, testing its capacity, resources, and resilience.

Read: Base technology for Africa on the best scienceUndoubtedly, the Covid-19 pandemic exposed the gaps and weaknesses in Africa’s health security, such as inadequate surveillance, testing, tracing, isolation, treatment, and vaccination. It also brought into focus unprecedented opportunities for change and growth.

As the continent grapples with existing health challenges and prepares for potential future crises, strengthening health security and systems has become not just an aspiration but a necessity.

Current disparities across countries include inadequate infrastructure, equipment, and supplies; shortage of skilled health workers; weak health information systems; low access and coverage; high out-of-pocket expenditures; insufficient domestic funding; weak governance and accountability; and frequent outbreaks and emergencies. These challenges hamper Africa’s ability to provide quality services to its population.

A multi-faceted approach is needed to address both immediate concerns and long-term systemic issues. For instance, domestic and international health financing is a vital pillar that catalyses infrastructure development, human resource expansion, supplies, and training. The challenge lies in aligning public and private financing for harmonisation and high impact.

Similarly, re-evaluating administrative and development finance structures, emphasising preventive and promotive care, and fostering collaborative coordination between state and non-state partners are crucial steps that should be emphasised.

One of the key areas that requires urgent attention is the development of resilient health information systems that can provide timely and accurate data for decision-making and resource allocation.

Read: GATES: Invest in Africa’s youthWith reliable data, monitoring health outcomes, tracking progress, identifying gaps, and responding to emerging threats is easier. Data also enables accountability and transparency, which are essential for building trust and confidence among stakeholders.

Another important aspect of strengthening health security and systems is promoting community engagement and empowerment.

Communities are not only beneficiaries of health services but also active agents of change who can contribute to health promotion, disease prevention, and outbreak response. Engaging communities in designing, implementing, and evaluating health interventions can enhance their ownership, participation, and satisfaction.

Moreover, empowering communities with knowledge, skills, and resources can enable them to demand and access quality services, protect their rights, and hold duty-bearers accountable.

Nevertheless, a robust health workforce becomes indispensable for effective healthcare delivery. Therefore, Africa must focus on training and retaining healthcare professionals, providing ongoing education, and creating incentives to work in underserved areas.

The growing brain-drain of skilled medical practitioners from Africa heading to other countries for greener pastures is a thorn that must be managed as it often undermines efforts by different African countries to be self-sufficient in terms of health human capital.

In a rapidly changing technological landscape, where virtually every sector relies on data, timely and accurate data is critical for making informed decisions within and outside Africa’s health systems.

Strengthening health information systems can enhance disease surveillance, resource allocation, and policy formulation. Additionally, digital health solutions can bridge geographical gaps and improve access to healthcare services, especially in remote regions.

At the same time, encouraging research and innovation within the healthcare sector can lead to disease prevention, diagnostics, and treatment breakthroughs. Collaborations between governments, academia, and the private sector can foster an environment where local solutions are developed to address Africa’s unique health challenges.

Read: WHO: Health workers’ exodus leaves Africa vulnerableLeveraging Africa’s demographic dividend, a youthful population will drive positive change. Investing in health education, promoting healthy lifestyles, and engaging the youth in healthcare advocacy can create a generation that benefits from improved health systems and actively contributes to their betterment.

Such deliberate health programming will fast-track Africa’s dream of achieving universal health care, shifting from our idea of curative services to that of buying medicine.

Minimising deaths, mainly caused by communicable diseases, road and transport accidents, and the lack of rescue and ambulatory services, is essential, reducing out-of-pocket health financing at the family unit. Turning these progressive and sustainable ideas into reality requires commitment, collaboration, and sustained effort from governments and international organisations.

African american technician check the maintenance of the solar panels

African Energy Week (AEW) 2024: Invest in African Energy to Take Place 4-8 November in Cape Town

African american technician check the maintenance of the solar panels

The African Energy Chamber proudly announces the launch of the 2024 edition of the continent’s premier event for the energy sector: African Energy Week: Invest in African Energy, taking place November 4-8 in Cape Town

At a time when the African energy industry is faced with a variety of challenges, the African Energy Week (AEW) conference serves as a platform for engagement, collaboration and investment. Since the event’s inception, AEW has facilitated deals, fostered dialogue while laid the foundation for long-term and sustainable developments to kick off. As such, the African Energy Chamber (AEC) (http://www.EnergyChamber.org) – organizers of the AEW conference – proudly announces the launch of AEW 2024: Invest in African Energy. Maintaining a commitment to a secure and sustainable energy future in Africa, AEW returns to Cape Town from November 4-8 under a mandate to make energy poverty history by 2030.

AEW 2024: Invest in African Energy takes place at the Cape Town International Convention Center and will once again connect a strong slate of African Presidents, Ministers and policymakers with both regional and foreign investors. Covering the entire energy value chain, AEW 2024: Invest in African Energy represents the platform of choice for Africa’s energy industry.

AEW is all about investing in African energy and there is a reason why the event has become the premier event to sign deals in Africa. The event features the participation of the highest number of African energy and petroleum ministers and is opened by African Presidents. National oil companies from across the continent lead discussions while international energy and technology firms come to sign deals and partner. The event unites African stakeholders with global authorities, with energy heavyweights from the Middle East, Europe and Asia using AEW as a platform to engage with and invest in African opportunities.

AEW also showcases the most innovative and forward-looking businesses, projects and solutions through the event’s exhibition while various panel discussions, presentations, investor-focused sessions and meetings provide stakeholders with the insight they need to make informed investment decisions across the continent. AEW 2024: Invest in African Energy continues this drive, connecting players from across the African and global industry in Cape Town to unlock a future of security and sustainability in Africa.

In a relatively short period of time, AEW has not only emerged as the largest gathering of energy stakeholders on the continent but a fresh, innovative platform where the future of Africa’s energy sector can be forged. Integrating the entire energy sector and its value chain while uniting African and foreign energy leaders, AEW has and will continue to move with the times, prioritizing Africa’s energy security needs alongside sustainable transition. Under efforts to increase investment in every segment of the African energy value chain and associated industries, AEW will continue to offer a comprehensive and diverse program catered to investors from the oil and gas, renewable energy, power and infrastructure, technology and local content arenas.

“AEW was established with a mission to make energy poverty history by 2030. Centered on an integrated approach to development, this important gathering of African and global stakeholders highlights the challenges to progress while putting in place tangible and actionable solutions for a sustainable energy future. We are proud to announce the dates for AEW 2024: Invest in African Energy, a platform which has not only emerged as the largest energy event on the continent but the official place to sign deals, forge partnerships and advance sustainable energy,” states NJ Ayuk, Executive Chairman of the AEC.

Ahead of the AEW 2023 edition, delegates, sponsors and partners interested in reaffirming their commitment to Africa’s sustainable future are encouraged to secure their place at the 2024 edition of the conference. AEW 2024: Invest in African Energy builds on the success of the previous editions and proudly marks its return as the premier event for the African energy sector. We look forward to welcoming you back to Cape Town for AEW 2023: Invest in African Energy. 

Business Management

UAE Businesses Outpaces Asian Counterparts in Last-Mile Excellence, Sustainability & Customer Experience

Business Management
  • The report captures a comprehensive analysis of responses from businesses from India, the UAE, Indonesia, and other Asian countries across key last-mile logistics metrics

Locus, a market-leading dispatch management SaaS company, released a new research report, Decoding Asia’s Last-Mile Maturity, uncovering valuable insights about the current state of last-mile logistics in India, Indonesia, the UAE, and other Asian countries. It also shows progress and gaps in the ecosystem and the pivotal role of technology in driving business success.

The report reveals that 79% of businesses across Asia are harnessing the technology to enhance their last-mile efficiency, but a staggering 84% lack confidence in their processes to drive growth and enhance customer experiences. These findings underscore that there’s widespread adoption of technology in the industry however, a majority of businesses are not able to leverage it to its full potential.

“Solving deep-seated last-mile challenges requires a deep understanding of your business’s last-mile maturity. Therefore, to help businesses across sectors gauge their maturity and supercharge their last-mile growth, we recently launched the Last-Mile Maturity Assessment. Data from these responses has shown that today only 40% of businesses in Asia have scratched the surface of tech-driven last-mile prowess, showing that there is an untapped opportunity for businesses to achieve success. We want this report to reflect key trends and opportunities for businesses, so can they get inspired to optimize their logistics and achieve greater revenues and superior customer experiences”, says, Mehul Kapadia, Chief Revenue Officer, Locus.

The report unveils the performance of the businesses across five key logistics metrics, including Last-Mile Excellence, Customer Experience, Workforce Empowerment, Advanced Analytics, and Sustainability.

Some key findings:

  • India emerges as a leader in Advanced Analytics with a score of 3.59 out of 5, pointing to the growing reliance of businesses on big data analytics and other new-age technologies to optimize and transform their last-mile into revenue-generating machinery.
  • India excels in Workforce Empowerment in last-mile logistics with 3.42 out of 5, indicating that the businesses are investing in and leveraging robust tech solutions such as advanced route planning, geocoding, etc., to make the lives of the delivery drivers better.
  • The UAE leads in Last-mile Excellence with an impressive score of 3 out of 5. In fact, a whopping 70% of the UAE businesses are embracing multiple last-mile technologies, reshaping customer expectations in the booming e-commerce landscape in the region.
  • In Customer Experience scores, the UAE leads with an average of 3.73 out of 5, surpassing the industry average of 3.53, followed by India, Indonesia, and others.
  • The UAE again leads in Sustainability with a score of 4.16 out of 5, followed by India at 3.78, while Indonesia falls below the global average at 2.55.

Furthermore, the report offers vital industry insights into 3PL & CEP, e-commerce, retail, manufacturing, and other sectors. For instance, it highlights a common trend where sustainability, though considered strategically important, often lacks comprehensive follow-through. Specifically, carbon emissions tracking is overlooked in 3 out of 5 industries. Overall, the analysis shows that 49% of global organizations lack confidence in tracking sustainability metrics to reduce emissions and fuel consumption.

Cybersecurity Risks

Kaspersky Examines How to Eliminate the Cybersecurity Risks When Buying a Business

Cybersecurity Risks

With the global business landscape becoming increasingly interconnected, mergers and acquisitions (M&A) have been surging as companies look for growth, diversification, and strategic positioning. According to an E&Y report, in the Middle East region there was a 42% increase in the total value of merger and acquisition (M&A) deals in Q1 2023 compared to the same period in 2022. Overall, the first quarter of the year saw 165 deals amounting to US$25.8b. This emphasizes the region’s prominence in global business. However, Kaspersky experts warn that such an upswing in M&A also underscores the need for vigilant cybersecurity practices.

Acquiring or merging with another business invariably means integrating digital systems, networks, and data. This integration process can expose both parties to cyber threats if not managed correctly.

Alexey Vovk, Head of Information Security Department at Kaspersky, cautions: “Acquiring an already established business can be an attractive option for example for entrepreneurs, given its potential for quick profitability, or similarly for large corporations that want to acquire innovative assets or intelligence that can expand their business. But over and above traditional legal, financial and governance due diligence during such a process, cybersecurity must be a focal point too.”

Some of the cybersecurity assessments that should be considered at a minimum, before buying a new business, include:

  • Existing cybersecurity measures: Investigate any past cybersecurity audits the company may have undertaken, even if they are self-conducted.
  • Valuable assets: Identify the most valuable digital assets of the business. For an e-commerce platform, this might be the website, so a thorough vulnerability check is essential.
  • Hosting and data management: Inquire about the company’s Web hosting provider and their reputation. Past security incidents might necessitate a change in hosting.
  • Security standards: Depending on the nature of the business, there might be specific cybersecurity standards to adhere to. Even businesses without critical assets should have baseline security to thwart common threats like ransomware.
  • Company reputation and data breaches: Research past data breaches and the subsequent remediation steps. Data leaks can tarnish a company’s reputation and invite legal repercussions.

However, Vovk goes on to caution that even beyond all the aforementioned sound advice, employee errors are also a concern and that can lead to significant data breaches. This is demonstrated in recent Kaspersky research carried out among employees in the Middle East, Turkiye and Africa region. A test with a phishing simulator built into the Kaspersky Automated Security Awareness Platform (KASAP) showed that 20% of employees would click on a malicious link, falling for scam emails with claimed corporate announcements.

“When buying a business, the acquiring organisation must consider any previous cybersecurity training conducted for staff as well as non-disclosure agreements when it comes to employees and third parties handling sensitive data. Fundamentally, proper access controls for company resources must be implemented within the new entity to ensure data access is limited and revoked appropriately when employees depart,” says Vovk.

Additionally, it is also crucial to be familiar with laws pertaining to data protection and cybersecurity. This includes understanding the regional regulations and laws that outline the prescribed conditions for responsibly processing personal data.

“It must be stressed that when acquiring a company, you assume responsibility for its risks as well. Attaining and maintaining optimal business cyber resilience is an ongoing process. But, protecting yourself from new tricks by threat actors requires additional investments in digital business solutions, tools and skills, setting the rules that comply with the law, and reviewing cybersecurity policies and new protections. Checking your cybersecurity level from the very beginning will help you reduce the likelihood of incidents, set a clear path for development, and achieve new goals,” concludes Vovk.

Healthcare

54% of Middle East Respondents Express Concerns About Meeting Medical Needs, Reveals Cigna Healthcare Survey

Healthcare
  • 5% Pledge aims to tackle employee concerns and achieve overall individual and business well-being.

Global economic shifts driven by pandemics, food shortages, and inflation have led to unprecedented uncertainty for businesses and their employees. To gain a better understanding of the challenges confronting employers within this new landscape, Cigna Healthcare, the leading global health services company, conducted a comprehensive survey involving nearly 9,000 individuals worldwide, including 1,100 participants each from the UAE and KSA. The survey aimed to uncover their concerns, assess their current health status, and gain insights into the support needed to promote healthier lives in these challenging times.

 

Economic Challenges and a Looming Health Crisis

The survey revealed that rising inflation and the escalating cost of living stand as major concerns for individuals globally, with 25% of respondents in the Middle East identifying the inflation crisis as their primary concern. Rising bills and sluggish economies are leading to heightened uncertainty, causing stress levels to mount and mental and physical health to decline. Regionally, 72% of respondents felt that these rising costs were making it challenging to maintain good health, and 54% expressed uncertainty in their ability to meet their own or their family’s medical needs.

 

Workplace Well-being Requires More Attention

Dr. Dawn Soo, Cigna Healthcare’s Regional Medical Officer for the Middle East and Asia, stressed the need for employers to provide holistic healthcare benefits, initiatives, and a supportive culture where employees can openly discuss challenges. The survey further highlighted the critical connection between employee mental and physical health and productivity, underscoring the necessity of prioritizing employees’ health security as a core ESG imperative.

Recognizing that poor employee mental health isn’t just detrimental to individuals but also impacts organizations’ financial health, Cigna Healthcare introduced the 5% Pledge, urging business leaders to invest 5% of their work time to enhance employee mental health and well-being.

Jerome Droesch, CEO of Domestic Health and Health Services, International Health, Cigna Healthcare, reflected on the survey’s findings: “The survey underscores the delicate balance individuals face in accessing essential healthcare. These figures underscore the critical need to address the affordability of medical services for our workforce.”

He added: “Recognizing the pivotal role of employee well-being in driving organizational success, Cigna Healthcare introduced the 5% Pledge. The Pledge is a commitment to empowering employees with the tools they need to navigate today’s challenges. By prioritizing mental well-being and creating a supportive workplace culture, we are fostering not only healthier employees but also a more resilient business.”

 

The Path Forward

As uncertainties continue to reshape the business landscape, the Cigna Healthcare 360 Global Well-being Survey highlights the urgency for companies to prioritize employee well-being. By dedicating resources to the health and mental well-being of their workforce, businesses can ensure their resilience and success in an ever-changing world.

panorama of grassland of south sudan

UN and South Sudan Join Forces to Boost Rural Development Through Producers’ Organizations and Access to Finance

panorama of grassland of south sudan

As South Sudan’s food security deteriorates due to localized conflict, displacement triggered by the Sudan crisis, and climate-related shocks like flooding, the UN’s International Fund for Agricultural Development (IFAD), the UN’s Development Programme (UNDP) and the Government of South Sudan today signed a financial agreement for a seven-year, US$25.6 million project that aims to improve food security, increase income and generate resilience for rural households. The project is expected to reach 160,000 people, with a focus on women, youth, returnees and people with disability.

In collaboration with South Sudan’s Ministry of Agriculture and Food Security (MAFS), the Rural Enterprises for Agriculture Development (READ) project will help develop 500 rural producers’ organizations, as well as policies and regulatory frameworks that promote good governance and accountability systems vis-à-vis their constituencies. READ will also facilitate overall access to rural finance.

“As the lead implementing agency, I’d like to express my profound commitment and capacity of the national Ministry of Agriculture and Food Security to work hand-in-hand with IFAD and all other relevant stakeholders to ensure the success of this project and improve food and nutrition security for all people of South Sudan,” said Josephine Joseph Lagu, South Sudan’s Minister of Agriculture and Food Security. 

©️IFAD – Alberto Trillo Barca

“There’s a recognition that the potential for rural sector in South Sudan is massive. The READ Project will lift the majority of our people out of poverty and will foster an entrepreneurial culture which will not only expand employment opportunities but also support economic recovery after this long conflict,” said Dier Tong Ngor, South Sudan’s Minister for Finance and Economic Planning.

IFAD will fund almost 80 per cent of project costs through a US$20 million grant from the Global Agriculture and Food Security Program (GAFSP). Additional co-financing will be provided by the Cooperative Bank of South Sudan (US$1.8 million), UNDP (US$1.5 million), the Government of South Sudan (US$ 1.4 million), and project participants (US$ 0.75 million).

 

Food security as precondition to achieve peace

According to the UN’s Office for the Coordination of Humanitarian Affairs, a record 9.4 million people — 76 per cent of the country’s population — are likely to require aid in 2023 as the country continues its march towards “freedom, equality, justice, peace, and prosperity,” as stated in the South Sudan Vision 2040.

“Providing viable livelihood opportunities to rural populations is an essential step toward peace and prosperity. This means supporting small-scale farmers and rural producers with access to loans, financial services and business skills, while at the same time ensuring they have the capacity to cope with ever-increasing climate shocks,” said Alvaro Lario, President of IFAD.

“As an implementing partner and the development agency for the READ Project, the UNDP is committed to the collaboration between the private sector, rural producers’ organizations, and rural financial institutions to facilitate access to financial services, to technology, and to markets. By strengthening the country’s economic recovery and diversification through agricultural value chain development, the READ project contributes to South Sudan’s peace, recovery and stabilization agenda by reinforcing the social fabric within communities and creating livelihood opportunities for the rural population, including returnees and internally displaced people,” said Dr. Samuel Doe, Resident Representative, UNDP South Sudan.

The project will be implemented between 2023 and 2029 in six states (Central Equatoria, Eastern Equatoria, Northern Bahr el Ghazal, Upper Nile, Western Equatoria, and Yambio) in South Sudan with a “conflict-sensitive approach.”

IFAD has been engaged in South Sudan since its independence in 2011. Its investments boost food production and rural employment, increase resilience, help farmers adapt to climate change and strengthen human and institutional capacities. Working closely with the Government, IFAD has channelled US$77.26 million in investments to three rural development projects, reaching 76,800 rural households. South Sudan has recently doubled its pledge to replenish IFAD’s resources for the next three years, sending a strong message of support to IFAD and the donor community.