Author: The Exchange

• IFC is disbursing a $108 million loan to fertilizer maker OCP Group aimed at funding a 219Km long water distribution project in Morocco.
• This financing will help sustain OCP Group’s phosphate plant and provide water to farmers, households, and businesses in the country.
• The new pipeline is expected to be powered entirely by renewable energy by 2030.

A new initiative seeks to lessen the biting water crisis in Morocco while at the same time enhancing plans to tackle food insecurity in Africa. The World Bank’s private lending arm, the International Finance Corporation (IFC) is disbursing $108 million loan to the OCP Group to transform water management in Morocco and enhance food security projects in the country.

The OCP Group is a pioneer in plant nutrition and the production and usage of phosphate-based fertilizers.

According to an update from the IFC, the partnership will seek to address two of the most …

• The UAE Society of Engineers invites innovators to participate in the third edition of the Excellence and Creative Engineering Award.
• It aims to promote the importance of national engineering work.
• The application period will remain open until November 15, 2024.

UAE Engineering Award is inviting innovators across the Middle East nation to showcase their groundbreaking ideas in the highly anticipated third edition of the competition. In a statement, the organizers said UAE’s Excellence and Creative Engineering Award is a unique opportunity to present outstanding work that reflects their commitment to quality and innovation in this field.

The UAE Society of Engineers emphasizes the importance of active participation in such initiatives, which enhance the status of the engineering sector and contribute to its development on both national and international levels.

The Excellence and Creative Engineering Award is the first of its kind in the UAE. It aims to promote the importance …

• Beijing has undertaken to train 6,000 military personnel and invite 500 African officers to China for skilling.
• As China strengthens its military ties in Africa, the US has faced setbacks, particularly with the recent withdrawal of American troops from Niger.
• Analysts say China’s military push in Africa is part of a broader strategy known as the Global Security Initiative (GSI), launched in 2022.

In a rapidly shifting world, China, already the top trading partner with Africa is going further by announcing a bold $140 million military cooperation plan to train 6,000 personnel across the continent. This development, announced at the 2024 summit on China-Africa cooperation by Chinese President Xi Jinping, has raised eyebrows, particularly among US defense officials, who believe this move is aimed at furthering China’s economic and strategic interests.

But is there more to China’s growing military involvement in Africa? And how does this fit into the larger …

• South African Johann Rupert has overtaken Dangote, becoming Africa’s richest person in a move that highlights the tectonic shifts sweeping across Nigeria and South Africa’s economies.
• While Rupert’s wealth soared, Dangote’s fortune took a gut punch, contracting by $1.7Bn this year to $13.4Bn.
• Richemont, with its portfolio of luxury brands, operates in a global market that is less vulnerable to the economic woes of any single country unlike the Dangote Group.

The crown for Africa’s richest man has left Nigerian industrialist Aliko Dangote to South African luxury goods icon Johann Rupert. For over ten years, Aliko Dangote seemed unassailable, with his name often being synonymous with wealth, increasingly representing a new breed of modern-era industrialists, and power in Africa.

In the latest disclosures according to the Bloomberg Billionaires Index, however, South African Johann Rupert has overtaken Dangote, becoming Africa’s richest person. This change underscores some of the tectonic shifts …

• WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox.
• An uptick in cases, especially in Burundi, Kenya, Uganda, and Rwanda, along with sporadic cases in Europe, prompted the WHO’s emergency declaration.
• Despite these concerns, mpox is not likely to evolve into a pandemic akin to COVID-19.

Last week, the World Health Organization (WHO) declared mpox (formerly known as monkeypox) a Public Health Emergency of International Concern. This decision underscores the escalating threat posed by the virus, which surged globally in 2022 but has since seen a troubling resurgence, particularly in Africa. The WHO’s move aims to galvanize a coordinated international response to contain and mitigate the spread of mpox, a virus with significant public health implications.

Mpox, a member of the same viral family as smallpox, is a rare but severe infection. It manifests through symptoms akin to chickenpox, including fevers, swollen …

• Safaricom has requested telco industry watchdog, the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from operating independently within Kenya.
• Kenya’s largest telco argues that allowing satellite providers to operate independently could lead to challenges in enforcing compliance with local laws.
• Safaricom insists satellite ISPs should only be allowed to operate under the license rights of a local company.

A fierce battle is looming in Kenya’s internet service provider (ISP) industry, with Safaricom PLC, the region’s largest telecommunications operator, requesting the Communications Authority (CA) to block satellite internet providers, such as Elon Musk’s Starlink, from operating independently within the country.

This development sets the stage for what could turn out to be a fierce contest over the control of Kenya’s lucrative internet market, as telco heavyweights Safaricom and Starlink vie for dominance in a rapidly digitizing economy.

Listed on the Nairobi Securities Exchange and …

• In trading, your mind is your greatest asset or your worst enemy. Emotions can cloud judgment, leading to impulsive decisions that often result in losses.
• Fear, greed, overconfidence, and hesitation are common emotions that can derail even the most carefully crafted trading plans.
• Understanding and controlling these emotions is essential to ensure they don’t negatively impact your trading decisions.

Trading isn’t just about understanding charts, mastering technical analysis, or knowing the latest market trends. The psychological aspect of trading is what separates consistent winners from the rest. If you’re serious about succeeding as a trader, developing a winning mindset is as crucial as mastering the strategies you use. In this article, we’ll explore key concepts to help you build a strong mental foundation, with some practical trading psychology tips that you can apply right away.

The Importance of Trading Psychology

In trading, your mind is your greatest asset or your …

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2. Put

• Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for months up to a few years.
• When compared to day trading, its swing trades have features of short-term fluctuations in the market.
• Modern trading platforms, like Exness, provide advanced tools and resources for position traders.

Buying and selling of stocks incorporate many strategies for varying risk appetites and time frames. One of them is position trading: a long-term strategy of trading with the view of deriving gains from the major trends. In this article, we shall look at the intricacies of position trading in stock trading including its benefits, challenges and effective techniques associated with it.

What is Position Trading in Stock Trading?

Position trading is a long-term strategy in which a trader’s holding timeframe is pretty extensive, going to the extent of sometimes lasting for …

• USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the changing performance of the pair over time.
• Traders in the country pay close attention to the pair’s performance and seek to take advantage of major short-term and long-term price fluctuations.
• For this reason, the use of technical indicators, and often a combination of a few indicators, can help traders more accurately gauge the direction of the price of the pair.

Forex trading has long been a popular method of accumulating and safeguarding wealth in South Africa. However, the underlying economic issues of the economy have adversely affected the performance of its currency, the South African rand (ZAR).

The USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the …