NEWS
Saudi Alfanar Global Development to invest SAR2 billion in Egypt
On the sidelines of the Crown Prince Mohammed bin Salman ’ s visit to Egypt last month , Alfanar Global Development signed agreements worth SAR 2 billion ( USD 532 million ) with Arab Organisation for Industrialisation ( AOI ) and Benya Holding Group at the headquarters of the General Authority for Investment and Free Zones ( GAFI ) in Cairo .
The agreements are focused on localisation of technology for renewable energy , and implementation of IT projects , digital solutions , data centres and cybersecurity .
Eng Amer AlAjmi , Executive Vice President , Alfanar Global Development , said : “ Alfanar has been present in international markets including the Egyptian market for many years now through our renewable energy projects . In Egypt , we have also contributed towards 50MW at the Benban Solar Park . We look forward to making more investments in Egypt and Africa .”
Alfanar has gained a growing regional and international reputation by diversifying its portfolio of projects and services globally . Today , the company serves businesses across the digital solutions , energy , water , oil and gas , social infrastructure and healthcare sectors through its various business divisions and sub-brands .
African Green Revolution Forum and Heifer International and Generation launch Pitch AgriHack 2022
AGRF , Heifer International and Generation
Africa have announced the launch of Pitch AgriHack 2022 , marking the second year the organisations have come together to provide cash grants that accelerate entrepreneurial growth and job creation in Africa ’ s agriculture sector . Pitch AgriHack identifies innovative youth-led businesses with technological solutions to food security challenges , awarding the most impactful businesses with cash grants , media visibility and investor exposure .
“ Pitch AgriHack is about promoting digital jobs and smart technologies that appeal to the youth . This competition calls on the innovative minds of Africa to empower themselves and their communities by harnessing and developing ground-breaking technologies in the agrifood sector ,” said Dickson Naftali , Head of Generation Africa .
“ We see a bright future on the horizon for the youth of Africa . Generation Africa , with the help of its partners like Heifer International , is working tirelessly to smooth out the obstacles that have traditionally prevented young people from embracing opportunities in the agriculture and food value chain .”
10 INTELLIGENTCIO AFRICA www . intelligentcio . com