Motor Mouth: The Saudis may be in, but what’s in it for Tesla and Musk?

first_imgCar Review: 2018 Tesla Model 3Assuming there is some fire with all this smoke — and one must remember that Reuters ran a story countering Bloomberg’s, noting that the PIF had no interest in funding Mr. Musk’s flight of fancy — then one question that needs to be answered right off is when did the Saudis determine that they wanted to fund this grand scheme (as opposed to buying the comparatively small five per cent share they now acknowledge). According to Axios’ business editor, Dan Primack, the conflicting reports “imply that the Saudis weren’t officially in when Musk tweeted” and the Tesla board’s attempt to insinuate otherwise is simply Mr. Musk trying to weasel out of his SEC/“funding secured” drama.As for what the Saudis get out of this deal, that’s been well detailed by virtually every news outlet covering this potential blockbuster. For one thing, the kingdom’s current regime is looking to diversify away from its almost total reliance on crude for its future prosperity, and one of its primary targets is high tech. It is also — as we north the 49th parallel have seen recently — very much concerned about its public image and would like nothing more than to burnish what it hopes is a burgeoning reputation as a modern marketplace by building up its climate change bona fides.Tesla, a leader in both autonomous driving and zero emissions transportation, would seem to offer both. And if reports are correct and Saudi Arabia really does want the PIF to be a $2-trillion fund by 2020 (and, says Gizmodo, “entrench its notoriously oppressive monarchy), a 25- to 50-billion-dollar investment in Tesla would seem to be pocket change. And, if one believes some of Mr. Musk’s ardent backers — Catherine Wood, CEO of Ark Investment Management, reportedly predicts that TSLA could eventually hit $4,000 (no, not $420) a share — the deal offers the possibility of humongous returns.Created with Raphaël 2.1.2Created with Raphaël 2.1.2In an ironic twist, the wealth behind Saudi Arabia’s oil production can possibly purchase an electric car company. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Tesla CEO Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Mark Brake / Getty Images Bloomberg reported on Sunday that Saudi Arabia’s Public Investment Fund (PIF) is in talks with Tesla to fund CEO Elon Musk’s much-publicized August 7 “taking Tesla private” tweet.It’s still early days and there’s been much conjecture as to who might have the wherewithal to buy Tesla — I posited that it could be Saudi Arabia’s PIF, Apple or the Norwegian sovereign wealth fund while Wired thought it might be Saudi Arabia or China — and even if there was a buyer that wasn’t a figment of Mr. Musk’s imagination.Nonetheless, there are huge questions that remain. Is the PIF shopping? If so, were the Saudis actually shopping Tesla before Mr. Musk now-famous tweet (a seemingly innocuous question made inordinately large by his boast that funding was already secured as of that August 7 tweet)? What does Saudi Arabia get out of any such deal? More importantly, what are the pros and cons of such a leveraged buyout (LBO) on Tesla’s short- and long-term health? COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next › Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Hassan Ammar / AFP/Getty Images See More Videos Trending Videos advertisement The Rolls-Royce Boat Tail may be the most expensive new car ever We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Motor Mouth: Here’s who can afford to take Tesla ‘private’ Trending in Canada PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Indeed, Mr. Musk has made Tesla into the face of environmentally-friendly corporatism because he is seen as a man — if not the man — of the future. If he does take the Saudi’s money, he will have to explain why he is now teaming up with the past. In fact, the very past we all thought he was trying to destroy. RELATED TAGSTeslaMotor MouthMotor MouthNew Vehicles RELATED So, it makes a lot of sense for Saudi Arabia, but would such an arrangement be as beneficial for Tesla? That very much depends on whether you’re taking the long or short view. Short term, there’s a lot of upside for both Tesla and Mr. Musk. For one thing, it will take some of the short-selling — reportedly almost 30 per cent of Tesla’s shares — heat off Mr. Musk’s day-to-day running of the company. He has repeatedly decried the limitations of operating a publicly traded company, most recently mocking the naysayers by tweeting “Short shorts coming soon to Tesla merch.” And, if the Saudis did really buy into the plan, it would take at least some of the heat off a potential SEC investigation, although there would still be the small matter of whether said intent was before or after Mr. Musk’s tweet. Nonetheless, it all looks fairly rosy in the short term.There might be some longer-term issues, however. The major problem, as I see it, is Tesla’s reputational equity and how it might suffer getting into bed with OPEC’s enforcer. Mr. Musk would seem to not understand, or is simply trying to ignore, the fact that for many people — a large number of whom are Tesla supporters — Saudi Arabia is the biggest, baddest “Big Oil” bogeyman of them all. Whenever an eco-warrior tweets disparagement of the “industrial oil complex,” there’s invariably mention of Saudi Arabia. Ditto just about every social justice warrior — stand up and be counted, Chrystia Freeland — looking to score virtue signalling points on women’s issues. And seriously, does Mr. Musk think we’ve all forgotten 1973’s oil crisis, precipitated by a Saudi oil embargo.Much has been made of Tesla’s incredible stock valuation, most notably its incredible market capitalization (somewhere around US$70-million were the expected $420–per-share received) versus how many cars it produces (some 103,000 rather than the 10 million or so that auto giants like Toyota and General Motors pump out every year). Much of that disparity is explained by Mr. Musk’s evangelical charm, even normally-circumspect Wall Street fund managers pumping millions into his dream simply because they have faith in Tesla’s mission. Joining forces with a country that is both the very face of fossil fuels and a human rights pariah as well would not seem to fit Mr. Musk’s corporate idealism. In courting the Saudis, Mr. Musk risks appearing more transactional Donald Trump than righteous Al Gore. last_img read more

Radiology will be affected by GST on three counts

first_img WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals News Radiology will be affected by GST on three counts Phoenix Business Consulting invests in telehealth platform Healpha Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Share Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Related Posts MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” The missing informal workers in India’s vaccine story Increasing the tax on purchases critical to the industry will negatively impact the already stressed bottom-lines of healthcare.Radiology and imaging, along with in-vitro diagnostics, form the backbone of any healthcare system since prudently performed diagnostic tests lead to accurate treatment. Not only does this lead to improved clinical outcomes for patients, but it also leads to lower healthcare expenditure in the long run since patients are given only the best, most appropriate treatment.Unfortunately, the GST rates on healthcare equipment and allied items are sending the opposite signal. There has been an increase in almost all indirect taxes that a healthcare provider will have to pay. Radiology, specifically, will be affected on three counts. First, there is an increase in tax on import of medical equipment to the tune of five per cent. While this is in line with the government’s plan to promote manufacturing in India, high-end equipment like MRI scanners, CT scanners etc., it will take a long time to be developed and manufactured in India and this increase in tax is instead de-incentivise healthcare providers from bringing in cutting-edge equipment. Secondly, there is an increase in effective tax rate of 10 per cent on comprehensive maintenance contracts which are critical for maintaining all equipment and ensuring high quality diagnostics. Lastly, there is a general increase in effective tax on most consumable purchases made by healthcare providers such as spare parts, catheters, needles, pumps and even diagnostic kits.It is important to realise that the healthcare industry is already under tremendous price pressure, and increasing the tax on purchases critical to the industry will only further negatively impact the already stressed bottom-lines of healthcare. Also, it is important to note that passing-through the impact of increased taxes onto patients is extremely difficult and might even be considered wrong by many. In an era when we need our country’s brightest and best to come into the healthcare sector, is this really the right approach?– Dr Vidur Mahajan, Associate Director, Mahajan Imaging By salil sule on July 5, 2017 Read Article GST Menopause to become the next game-changer in global femtech solutions industry by 2025last_img read more

Lulu Group arm VPS Healthcare earmarks Rs 1,000cr for buyout

first_imgLulu Group arm VPS Healthcare earmarks Rs 1,000cr for buyout Menopause to become the next game-changer in global femtech solutions industry by 2025 By salil sule on October 17, 2017 Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals The missing informal workers in India’s vaccine story News MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre”center_img Phoenix Business Consulting invests in telehealth platform Healpha Related Posts Read Article The group has already invested over Rs 1,750 crore in these two hospital brands in the countryThe Abu Dhabi-based VPS Healthcare, a part of LuLu group, has created a Rs 1,000-crore war-chest to tap takeover opportunities in the domestic healthcare mart. With over a $1 billion turnover, is an integrated healthcare provider with primary, secondary and tertiary care hospitals and clinics as well as drug manufacturing and pharma retailing, in the Gulf region, India and Europe, and runs four hospitals in the country — three in Delhi-NCR region and one in Kochi.Since its inception in 2007, VPS has grown into one of the UAE’s premier integrated healthcare groups and currently owns 22 hospitals under 13 brands, over 125 medical centres and employs 13,000, including over 1,800 doctors.The group runs four facilities in the country — three in the Delhi-NCR region under the VPS Rockland label (Qutab area and Dwarka in the Capital and one at Manesar in Haryana), and VPS Lakeshore Hospital in Kochi.“We’ve set aside Rs 1,000 crore for acquisitions in the country. We are in talks with three-four hospital and over the next one year, we should have at least three more hospitals here,” said Shamsheer Vayalil, founder of VPS Healthcare Group.The group has already invested over Rs 1,750 crore in these two hospital brands in the country.“We’ve already pumped over Rs 750 crore into the 800- bed Rockland Hospital chain in which we own 100 per cent and around Rs 1,000 crore in the 600-beds Kochi facility where we own the majority stake,” the Vayalil said.On expansion, Vayalil, worth $1.57 billion this year and who is also an avid marathon runner, said the plan is “to take the existing capacity to 5,000 beds in the country over the next three years, hence the focus on inorganic growth”.Another three growth areas that he is looking at is medical tourism, especially in Kochi, and rapid expansion of his drug manufacturing arm with focus on oncology and vaccines and highly specialised R&D, apart from O&M (operations and maintenance) opportunities. Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Sharelast_img read more

Forthcoming Book to Explore Christianity and Science from Multiple Perspectives

first_img Evolution NewsEvolution News & Science Today (EN) provides original reporting and analysis about evolution, neuroscience, bioethics, intelligent design and other science-related issues, including breaking news about scientific research. It also covers the impact of science on culture and conflicts over free speech and academic freedom in science. Finally, it fact-checks and critiques media coverage of scientific issues. Share Recommended Jane Goodall Meets the God Hypothesis Human Origins Forthcoming Book to Explore Christianity and Science from Multiple PerspectivesEvolution News @DiscoveryCSCMarch 20, 2017, 11:09 AM Faith & Science Email Print Google+ Linkedin Twitter Share In April, Zondervan Publishing will bring out a major new reference work on science and faith: the Dictionary of Christianity and Science. Billed as “The Definitive Reference for the Intersection of Christian Faith and Contemporary Science,” the new book is over 700 pages in length and will feature something most reference works lack: multiple perspectives.The editors intentionally sought out divergent perspectives on a variety of science and faith topics, including human evolution, the interpretation of Genesis, theistic evolution, the adequacy of Darwinian mechanisms, and much more. As part of the mix of views, the volume will feature many prominent scholars and writers who have been affiliated with the intelligent design community, including Michael Behe, William Lane Craig, William Dembski, Michael Flannery, Ann Gauger, Guillermo Gonzalez, Bruce Gordon, Michael Keas, Casey Luskin, Stephen Meyer, J.P. Moreland, Paul Nelson, John Mark Reynolds, Wayne Rossiter, David Snoke, and John G. West.If you pre-order the book before its official release, April 15, 2017, you will get special bonus materials from the publisher. “A Summary of the Evidence for Intelligent Design”: The Study Guidecenter_img TagsAnn GaugerDictionary of Christianity and Scienceevolutionfaith and scienceGenesisMichael BehePaul NelsonStephen Meyertheistic evolutionwilliam lane craig,Trending A Physician Describes How Behe Changed His MindLife’s Origin — A “Mystery” Made AccessibleCodes Are Not Products of PhysicsIxnay on the Ambriancay PlosionexhayDesign Triangulation: My Thanksgiving Gift to All Congratulations to Science Magazine for an Honest Portrayal of Darwin’s Descent of Man Requesting a (Partial) Retraction from Darrel Falk and BioLogos Email Print Google+ Linkedin Twitter Share Origin of Life: Brian Miller Distills a Debate Between Dave Farina and James Tourlast_img read more

News / Ruslan and the AN-124 could be forced out of business as Russia and Ukraine squabble

first_img By Alex Lennane 09/09/2016 With the end surely nigh for Ruslan, manufacturer Antonov will need a company to market its AN-124s. According to Cargo Facts, it has been in talks with AirX – a charter airline moving into cargo, which recently poached a number of Chapman Freeborn executives.As Cargo Facts notes, why else would “six of its senior staff suddenly decide to work for a small charter airline that operated a handful of small passenger aircraft and one ancient narrowbody freighter”?The row began when the Russian aviation authority threatened to stop using Antonov’s support services for AN-124s and re-engining the aircraft using a Russian company.Antonov countered that as the designer of the aircraft and the Type Certificate holder, it was the only company able to work on or change the aircraft – and any which had been altered by other companies would not be fit to fly.Antonov said: “In case of withdrawal of the AN−124−100 Ruslan civil aircraft from supervision by Antonov, the company will be forced to address international aviation organisations with a statement about the discharge of its responsibility for the safe operation of these airplanes on international air routes.“Flight accidents could pose a threat to life and property of inhabitants of countries where the aircraft would be operated.”However, yesterday the chief executive of Russian aircraft firm Ilyushin, Sergei Velmozhkin, said his company would begin research and development work on a new transport aircraft, with a scheduled in-service date of 2027.Called the IL-106, it has proposed payloads of 80-120 tonnes – which would rival the payload of the AN-124.The ongoing ‘war of words’ between Russia and Ukraine also explains why the latter approached China to work with it on a new line for the AN-255.Volga-Dnepr was not immediately available for comment. The future of the AN-124 aircraft is in serious doubt after Ukrainian manufacturer Antonov said it would not work with Russian companies after January 1 2017, and could halt international AN-124 operations.Ukraine announced on Wednesday that it was leaving the trilateral Ukraine-Russia-NATO Strategic Airlift Interim Solution (SALIS), which would also see the end of Ruslan, the joint marketing agreement between Antonov Airlines and Volga-Dnepr.CargoForwarder reported that Antonov had also announced a flight ban on all Russia-registered AN-124 operations outside of Russia – which could be a severe blow to Volga-Dnepr. The Loadstar was unable to confirm this however.Volga-Dnepr has 10 AN-124s, and Antonov Airlines has seven of the aircraft, which are widely used in military operations as well as for commercial heavylift cargo.center_img © Maksym Dragunovlast_img read more

Georgia Power May Have To Supply More Information On Financial Risks Of Nuclear Expansion

first_img Share Add to My List In My List ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Party Related Stories Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility For Whom The Bell Rings Georgia Power may have to start providing regulators more information on financial risks with its nuclear power expansion. It’s in response to the revelation the project will cost billions of dollars more.The two nuclear units being built at Plant Vogtle, near Augusta, are already years behind schedule and billions over budget. On its earnings call last week, Southern Company, the parent of Georgia Power, said costs have gone up by another $2.3 billion. That makes the total cost of the new reactors at least $25 billion.At a Thursday hearing, staff from the state Public Service Commission said they want Georgia Power to supply more information in its Vogtle construction progress reports, an idea supported by some critics of the project, too.“We’d like to have more information sooner,” said Jill Kysor, an attorney at the Southern Environmental Law Center. “We’re really pushing for more transparency at the commission, so that the public has more information earlier.”Georgia Power said it would work with PSC staff on it.“I think you saw the company step up to the plate and said, we approve that, we’ll go along with it, we’ll be a partner with it,” said Bubba McDonald, chairman of the PSC.Georgia Power is the biggest owner of the nuclear expansion, but not the only one. Its portion of the increased costs is $1.1 billion dollars. Other, mostly Georgia, utilities own the rest. Those other owners will vote in the coming weeks whether to stick with the project.Georgia Power has been passing financing costs on to its customers on their energy bills, and once the project is up and running, customers will take on capital costs, as well. But the utility said with the latest increase, its investors will take on the majority of the new costs.last_img read more

Economic Forum of Young Leaders in Nowy Sącz, Poland

first_img Pocket Reddit ← Commonwealth Doctoral Scholarship in Pretoria June 28, 2014 Published by lenka +1 Similar Stories Deadline: 5 July 2014Open to: young leaders from EU, Eastern Europe, the Balkans and the Caucasus with communicative knowledge of English and engagement in a political, civic, social or economic NGO and other institutionsVenue: 2 – 5 September 2014 in Nowy Sącz, PolandDescriptionOver 350 young leaders from 42 countries meet in Poland to come up with new ideas for the future of Europe. During mutual discussions and workshops new ideas are developed, new inspirations are created and new decisions on taking mutual actions are made. They are meant to generate a change in the future. It is here that future elites acquire their knowledge. The programme will focus on the following thematic areas: global security, Europe’s future and architecture, economic growth, youth entrepreneurship, business management, leadership and the role of young generation in the contemporary world. Economic Forum of Young Leaders is the biggest international social and economic meeting of leaders of young generation in the EU and for 9 years now it has stirred enormous interest.EligibilityThe minimum criterion is knowledge of English at communicative level and engagement in a political, civic, social or economic NGO or institution/organisation. If candidate meets these standards they assess his/her: experience in work in civic NGOs, political and economic areas and current involvement, additional experience gained in different seminars and courses etc.CostsThe fee for participation bear only those participants who underwent a successful recruitment process. All participants qualified for travel, board and accommodation costs coverage will be requested for paying participation fee in amount of 40 EUR. Participation fee for participants not qualified for travel, board and accommodation costs coverage is 200 EUR. Due to financial limits, reimbursement of travel costs will be possible only for some participants.ApplicationThe online application form is available on the following web-site. The deadline for submitting applications is 5 July 2014.For further information, please visit the official web-site. Reporting on the European Forum Alpbach Apply for the Google Conference and Travel Scholarships 2021center_img Share 0 Leave a Reply Cancel ReplyYou must be logged in to post a comment. Tweet LinkedIn 0 Summer Camp “Lessons of Liberty” in Ureki, Georgia → Economic Forum of Young Leaders in Nowy Sącz, Poland Harvard Innovation Challenge SouthEast Asia IIlast_img read more

Hong Kong PhD Fellowship Scheme

first_img Similar Stories Deadline: 2 December 2019Open to: international applicantsBenefits: annual stipend of approximately USD 39,700DescriptionEstablished in 2009 by the Research Grants Council (RGC), the Hong Kong Ph.D. Fellowship Scheme (HKPFS) aims at attracting the best and brightest students in the world to pursue their Ph.D. programs in Hong Kong’s universities.EligibilityThose who are seeking admission as new full time PhD students in Hong Kong universities funded by the University Grants Committee (UGC), irrespective of their country of origin, prior work experience and ethnic background, should be eligible to apply. Applicants should demonstrate outstanding qualities of academic performance, research ability / potential, communication and interpersonal skills, and leadership abilities.While academic excellence is of prime consideration, the Selection Panels will take into account, but not limited to, the four yardsticks below for the selection of candidates:Academic excellence;Research ability and potential;Communication and interpersonal skills; andLeadership abilities.BenefitsThe Fellowship provides an annual stipend of HK$309,600 (approximately USD 39,700) and a conference and research-related travel allowance of HK$12,900 (approximately USD 1,700) per year for each awardee for a period up to three years. 250 Ph.D. Fellowships will be awarded in the 2020/21 academic year1. For awardees who need more than three years to complete the Ph.D. degree, additional support may be provided by the chosen universities. For details, please contact the universities concerned directly.How to apply? For more information, visit the official web page. Pocket Google PhD Fellowship Program for graduate students ← #2030isNow Photo Challenge African Liberty Writing Fellowship 2021 for Young Writers August 29, 2019 Published by sanja Share 0 LinkedIn 0 +1 Hong Kong PhD Fellowship Scheme Tweet Reddit Cadiz Photonature 2019 – 2nd International Nature Photography Contest → ATLAS CORPS PROGRAMSlast_img read more

SAB agricultural centre brewing emerging farmers

first_img(From left to right): Zone President, SAB & AB InBev Africa, Ricardo Moreira; Female Farmer of the Year winner, Vivian Gosekwang Pico; Young Farmer of the Year winner, Lovedalia Njabulo Mbokane; Barley Farmer of the Year winner, Matthews Monapula Senokwane; Deputy Minister of Agriculture, Mcebisi Skwatsha; SAB Director of Agricultural Development, Josh Hammann; Maize Farmer of the Year winner, Januarie Solomon Masingo; and SAB Vice President Corporate Affairs, Zoleka Lisa – at the launch. The centre will also conduct trials for input efficiency, irrigation, management, growth regulators and crop protectants to build a knowledge base for new and existing emerging and commercial farmers. BRICS The facility is designed for collaboration in order to co-create innovative solutions with partners, including the Agricultural Research Council. The facility, officially launched in conjunction withthe National Department of Agriculture on Thursday, will have a critical focuson black emerging farmers. In terms of micro-breweries, a malting plant and laboratory is on-site to test and enhance new varieties of barley for making beer. The centre will open new opportunities for farmers to improve yield and profitability, and for brewers to enhance flavour in their beverages. “Despite the drop in commodity prices and difficult conditions last year, the majority of emerging farmers in our programme are already profitable, and our Farmer of the Year award went to a black woman farmer for the first time,” said Hamman. In South Africa, SAB has opened an R80 million agricultural research and development facility in Caledon in the Western Cape, which will pilot new farming techniques, technology and crop varieties to accelerate agricultural development in South Africa. The centre will also test new farming techniques and varieties of all cereal crops grown in the region—including oats, barley, canola and wheat—to develop new standards in agricultural best practice and improve food security. It is expected that SAB will exceed its initial target and commitment to reach 800 farmers in total by 2021 with the figure already close to 700 currently reached. By the end of last year, the emerging farmers‘ programme was ahead of schedule, with 684 farmers reached – 44% of them women and 15% youth. “This closing of the loop – from financial assistance to purchasing the crops – as well as free support services, sets the SAB emerging farmers’ programme apart,” says Hammann. Through agricultural support services company FarmSol,which was set up by SAB specifically for the task, SAB supports emergingfarmers with zero-interest bearing loans and helps with procurement,mechanisation, advice and hedging of crops, while also entering into guaranteedofftake agreements which ensure a reliable income and sustainability of thefarm. The R&D facility is part of a R610-million 5-yearinvestment in agriculture, which is part of the R1-billion public interestcommitments SAB made to the South African government at the time of its 2016merger with AB InBev. Read more:11 African brewing sites to become carbon-friendly by 2020 In addition, SAB has set itself a target to fully localise barley production by achieving a harvest of 425,000 tonnes by 2021, and to become a net exporter of hops. Sign up for the ESI Africa newslettercenter_img UNDP China, CCIEE launch report to facilitate low-carbon development Generation AFD and Eskom commit to a competitive electricity sector Josh Hammann, SAB’s director of agricultural development, explained that the R&D facility would test new practices, including the impact of eliminating the use of pesticides in one field and comparing the results with another field sprayed with pesticides, which would be too financially risky for a commercial farmer to try. Finance and Policy RELATED ARTICLESMORE FROM AUTHOR TAGSAgricultureeconomic growthjob creationSouth Africa Previous articleMorocco investigates the potential of sustainable clean cookingNext articleUK intends to keep trading with Southern Africa after Brexit Nicolette Pombo-van ZylAs the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention. By processing all its maize and barley requirements inSouth Africa, SAB also supports the government’s drive to increaseagri-processing in the country, along with its commitments to agriculturaldevelopment. It is one of the largest privately-funded R&D facilities in South Africa and all research output will be made freely available on a dedicated website, along with weather data, to ensure the benefits are spread as widely as possible to all farmers. Low carbon, solar future could increase jobs in the future – SAPVIA Read more:Nigerian Breweries set to install rooftop solar facility Deputy Minister of Agriculture, Mcebisi Skwatsha, noted that agriculture and agro-processing industries play an important role in making a contribution towards economic growth, poverty alleviation and job creation. SAB’s efforts are an important part of this. SAB also co-operates closely with the Agricultural Research Council, and is currently working on an early warning system to detect outbreaks of Fall Army Worm, a pest that invaded the country three years ago and affects all crops. Read more:Op-Ed: UN climate change report and rethinking our food systemlast_img read more

Togo ramps-up power supply with support of Siemens Energy

first_imgSiemens Energy has successfully delivered a SGT-800 gas turbine to the site of Kékéli Efficient Power, as part of their development of the 65MW combined cycle power plant in the Republic of Togo, supporting improved access to reliable and affordable energy in the West African nation.The turbine was shipped to Togo by sea, to form the core of the combined cycle power plant. Located in the capital Lomé, the 65MW plant will cover almost 40% of the country’s expected demand at completion, whilst creating job opportunities for Togolese citizens. Read more about:Gas-to-powerTogo RELATED ARTICLESMORE FROM AUTHOR Low carbon, solar future could increase jobs in the future – SAPVIA Generation TAGSgasSiemensTogo Previous articleOpen the electricity market for faster economic recoveryNext articleAchieving 5IR by using business for good Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. AFD and Eskom commit to a competitive electricity sector Finance and Policy BRICS UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more