{
}
Vicat shares surged 3.7% on the Paris Bourse, outperforming the SBF 120 index, after Barclays labeled the stock attractive due to its valuation gap with competitors. The firm upgraded its recommendation from 'weighted in line' to 'overweight' and raised the price target from €41 to €47, citing potential improvements from recent investments in Senegal despite past cash flow struggles.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
South Africa's investment plan focuses on electricity, new energy vehicles, and green hydrogen, but skills development remains a low priority. Concerns arise in coal-reliant communities about future employability as coal plants decommission, with slow progress in reskilling initiatives. The Just Energy Transition Partnerships (JETPs) face challenges, including limited grant funding and delays in project implementation, raising skepticism about their effectiveness and commitment to a people-centered approach.
Eramet Grande Côte Mine in Senegal is set to implement a 20 MW solar and 11 MWh battery storage project, providing 20% of its energy needs and reducing carbon emissions by 25,000 tonnes annually. This €30 million investment aligns with Eramet's decarbonization strategy and supports Senegal's clean energy transition, creating over 100 jobs during construction and maintenance. The project marks a significant step in sustainable mining, enhancing environmental performance and operational efficiency while reducing reliance on fossil fuels.
Senegal's President Bassirou Diomaye Faye has secured a decisive victory in parliamentary elections, with his Pastef party winning 130 of 165 seats in the National Assembly, a significant increase from 29 seats. This landslide victory positions Faye to implement a reform agenda aimed at stabilizing the economy and creating jobs.
Bio-Manguinhos in Brazil is poised to supply its mRNA COVID-19 vaccine, while Kenya's Biovax faces salary competition from commercial firms despite a $120 million World Bank loan. The WHO's mRNA technology transfer program aims to establish sustainable vaccine production in low and middle-income countries, with 11 facilities expected by 2030. However, financial challenges persist, requiring an estimated $200 million to enhance manufacturing capabilities and support ongoing research.
President Bassirou Diomaye Faye"s Pastef party is poised for a likely absolute majority in Senegal"s legislative election, which would enable him to advance his ambitious 25-year agenda. However, his initial challenge will be formulating a budget amid an ongoing fiscal crisis.
Senegalese President Bassirou Diomaye Faye is poised to secure a parliamentary majority following recent elections, which will facilitate his reform agenda aimed at stabilizing the country's finances. Preliminary reports indicate that Faye's Pastef party has won 84 seats, with opposition figures acknowledging the party's success.
Resolute Mining Ltd's CEO has been detained in Mali amid a regulatory overhaul in West Africa, as governments seek to boost revenue from natural resources. The military junta in Mali is intensifying its scrutiny of mining operations, affecting both Resolute and Barrick Gold Corp., which faces similar challenges. Other countries in the region, including Niger and Burkina Faso, are also revising mining codes and conducting audits.
Senegal is poised to reaffirm its commitment to a €2.5 billion ($2.67 billion) Green Transition Plan aimed at reducing fossil fuel dependence during the upcoming COP29 climate conference in Azerbaijan. Negotiations for this Just Energy Transition Partnership had been delayed due to a government change earlier this year, but an investment plan is now anticipated, according to Remy Rioux, CEO of France’s state development bank.
SEN
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays upgrades vicat stock citing attractive valuation and growth potential
14:24 23.01.2025
brics bloc attracts global interest as 23 countries seek membership expansion
United States Dollar
Apple Inc.
Microsoft Corporation
LAO
ZWE
SEN
AZE
SSD
PAK
GNQ
SYR
NIC
MAR
VEN
TCD
PSE
BHR
MMR
BFA
BGD
KHM
KWT
HND
COL
LKA
COG
Yury Ushakov
Ted Cruz
Vladimir Putin
Donald Trump
Show more
16:40 13.01.2025
Challenges and Progress of Just Energy Transition Partnerships in South Africa
Euro
United States Dollar
Standard Bank AMC001
Standard Chartered PLC
COL
GBR
USA
SEN
ZAF
LSO
CAN
VNM
IDN
DEU
IND
Aida Diop
Joe Lo Truglio
Wale Shonibare
Prabowo Subianto
Vivian Chime
Megan Rowling
Show more
11:04 06.12.2024
Eramet Grande Côte launches solar and battery project to enhance sustainability
20:35 22.11.2024
enegal president faye's party secures landslide victory in parliamentary elections
19:08 21.11.2024
ustainable mRNA vaccine production initiative aims to enhance global health equity
Institut Pasteur Dakar
International Vaccine Institute
Biovax
Biovac
Moderna, Inc.
BioGeneric
Bio-Manguinhos
Hilleman laboratories
Afrigen
BioFarma
DEU
VNM
BRA
IDN
EGY
SGP
SEN
KOR
CAN
UKR
NOR
FRA
KEN
BEL
ZAF
Charles Goren
Patricia Neves
Indra Rudiansyah
Martin Friede
Drew Weissman
Heba Wali
Petro Terblanche
Show more
18:57 20.11.2024
enegal"s president aims for majority to advance 25-year agenda amid crisis
12:59 18.11.2024
senegal president faye poised for parliamentary majority to advance reforms
10:16 18.11.2024
resolute mining ceo detained as west africa tightens mining regulations
14:16 11.11.2024
Senegal poised to reaffirm 2.7 billion dollar green transition commitment
09:42 11.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Elections & Campaigns
Supply Chain Management
Financial Scams and Security
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
Deutsche Bank Money Market PP
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
BNP Paribas SA
UBS Group AG
The Goldman Sachs Group, Inc.
Commerzbank AG
Banco Santander, S.A.
CREDIT AGRICOLE
Credit Suisse Strategic Income I
Wells Fargo & Company
SpaceXCoin USD
Lloyds Banking Group plc
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Filipino Peso
Indonesian Rupiah
Russian Ruble
Chilean Peso
People: