Latest news with #África
Bloomberg
4 days ago
- Business
- Bloomberg
Mozambique Extends Record Rate-Cutting Streak as Inflation Cools
Mozambique's central bank lowered its benchmark interest rate for a record 9th consecutive time, with inflation set to remain in the single digits. The Banco de Moçambique cut the rate — known by its Portuguese acronym of Mimo — to 11% from 11.75%, Governor Rogerio Zandamela said.
Zawya
6 days ago
- Business
- Zawya
Dubai's AMEA Power, Spain's Cox to set up JV to develop water, power projects
Spanish water and energy company Cox and Dubai-based renewable energy producer AMEA Power have agreed to establish a joint venture to develop, execute, and manage strategic water and energy infrastructure projects across the Middle East, Africa, and Asia. The companies will combine their technical, operational, and financial capabilities to address critical resource challenges in regions with rapidly increasing demand, they said in a joint statement. AMEA Power holds a 3.76 percent stake in Cox as an anchor shareholder, acquired during the latter's IPO in November 2024. No financial details were shared on the joint venture. Cox's current concession portfolio comprises five water assets for up to 945,000 cubic metres per day (m³/day), six energy generation projects and two transmission line concessions. It has delivered more than 8.3 million m³/day in desalination and treatment capacity worldwide. The company operates under a concession-based business model focused on water and energy, and complemented by engineering, procurement, and operations & maintenance (O&M) services. AMEA Power's portfolio comprises a project pipeline exceeding 6 gigawatts (GW) and more than 2,600 megawatts (MW) in operation and under construction. 'We aim to develop projects where access to water and energy complement each other, creating new opportunities where both are essential for the sustainable development of communities,' said Enrique Riquelme, Executive Chairman of Cox. (Writing by P Deol; Editing by Anoop Menon) (
Fox News
6 days ago
- General
- Fox News
Seven migrants drown as boat capsizes at Spain's Canary Islands dock
Spanish emergency services say four women and three girls died when a small boat carrying migrants capsized while arriving to port at one of Spain's Canary Islands on Wednesday. Spain's maritime rescue service, which located the boat some 6 miles (9.6 kilometers) from the shore, said the boat tipped over as rescuers started removing minors as it arrived at a dock on the island of El Hierro. The movement of people on the boat caused it to tip and then turn over, dumping the occupants into the water, the service said. Emergency services for the Canary Islands said four women, a teenage girl and two younger girls perished in the accident. One of the girls was found by a rescue diver. A helicopter evacuated two more children, a girl and a boy, to a local hospital in serious condition after they nearly drowned, the service added. Local media reports said the small boat appeared to be packed with over 100 people. Spanish rescuers and members of the Red Cross pulled people out of the water. The Spanish archipelago located off Africa's western coast has for years been a main route for migrants who risk their lives in dinghies and rubber boats unfit for long journeys in the open sea. Thousands have been known to die on the way to European territory. Nearly 47,000 people who made the crossing last year reached the archipelago, surpassing previous records for a second time. Most were citizens of Mali, Senegal and Morocco, with many boarding boats to Spain from the coast of Mauritania. The arrivals include thousands of unaccompanied minors. Some 10,800 people had arrived via the Atlantic to the Canary Islands by mid-May, which was down by 34% compared to the same period in 2024.
CNN
7 days ago
- General
- CNN
7 women and girls die when boat capsizes while arriving at port in Canary Islands
Spanish emergency services say four women and three girls died when a small boat carrying migrants capsized while arriving in a port at one of Spain's Canary Islands on Wednesday. Spain's maritime rescue service, which located the boat some 6 miles (9.6 kilometers) from shore, said the boat tipped over as rescuers started removing minors as it arrived at a dock on the island of El Hierro. The movement of people on the boat caused it to tip and then turn over, dumping the occupants into the water, the service said. Emergency services for the Canary Islands said four women, a teenage girl and two younger girls perished in the accident. One of the girls was found by a rescue diver. A helicopter evacuated two more children, a girl and a boy, to a local hospital in serious condition after they nearly drowned, the service added. Local media reports said the small boat appeared to be packed with over 100 people. Spanish rescuers and members of the Red Cross pulled people out of the water. The Spanish archipelago located off Africa's western coast has for years been a main route for migrants who risk their lives in dinghies and rubber boats unfit for long journeys in the open sea. Thousands have been known to die on the way to European territory. Nearly 47,000 people who made the crossing last year reached the archipelago, surpassing previous records for a second time. Most were citizens of Mali, Senegal and Morocco, with many boarding boats to Spain from the coast of Mauritania. The arrivals include thousands of unaccompanied minors. Some 10,800 people had arrived via the Atlantic to the Canary Islands by mid-May, which was down by 34% compared to the same period in 2024.
CNN
7 days ago
- Health
- CNN
7 women and girls die when boat capsizes while arriving at port in Canary Islands
Spanish emergency services say four women and three girls died when a small boat carrying migrants capsized while arriving in a port at one of Spain's Canary Islands on Wednesday. Spain's maritime rescue service, which located the boat some 6 miles (9.6 kilometers) from shore, said the boat tipped over as rescuers started removing minors as it arrived at a dock on the island of El Hierro. The movement of people on the boat caused it to tip and then turn over, dumping the occupants into the water, the service said. Emergency services for the Canary Islands said four women, a teenage girl and two younger girls perished in the accident. One of the girls was found by a rescue diver. A helicopter evacuated two more children, a girl and a boy, to a local hospital in serious condition after they nearly drowned, the service added. Local media reports said the small boat appeared to be packed with over 100 people. Spanish rescuers and members of the Red Cross pulled people out of the water. The Spanish archipelago located off Africa's western coast has for years been a main route for migrants who risk their lives in dinghies and rubber boats unfit for long journeys in the open sea. Thousands have been known to die on the way to European territory. Nearly 47,000 people who made the crossing last year reached the archipelago, surpassing previous records for a second time. Most were citizens of Mali, Senegal and Morocco, with many boarding boats to Spain from the coast of Mauritania. The arrivals include thousands of unaccompanied minors. Some 10,800 people had arrived via the Atlantic to the Canary Islands by mid-May, which was down by 34% compared to the same period in 2024.
