Items filtered by date: Friday, 13 July 2018
Airbus and its many subsidiaries have come up with some wonderfully ambitious and interesting aircraft over the years. The double-decker A380 superjumbo is one example that comes to mind. 
But the plane that really stands out is the Airbus Beluga. It's arguably one of the weirdest looking aircraft in the world. 
The Beluga is a cargo plane designed to transport major sections of Airbus planes to its assembly plants in Toulouse, France and Hamburg, Germany from suppliers around Europe. 
And by major sections, I mean pieces as large as the middle and rear fuselage of an Airbus A320 airliner or the wing of an A350 widebody. 
In all fairness, Airbus also uses a fleet of barges and trucks to move components around Europe. 
Recently, Airbus unveiled a new generation of its bulbous cargo planes called the BelugaXL. 
It will take over for the current generation A300-600ST Beluga that has been in service for two decades. 
The Beluga derives its name from the large aquatic mammal to which it bears a striking resemblance. In fact, the new BelugaXL is even painted to look like the animal. 
According to Airbus, it decided to build the BelugaXL in November 2014 as a response to the greater transport and capacity requirements the company expects in the years beyond 2019. 
Since it's based on the Airbus A330-200F freighter, the BelugaXL is larger, with greater cargo capacity, and is expected to deliver superior performance than its predecessor.
Here's a closer look at the Airbus Beluga and BelugaXL. 
Source: The Insider
Published in Travel & Tourism

Astronomy in Africa will take a giant leap forward with the unveiling of the 64-dish MeerKAT array in South Africa on July 13. The MeerKAT will be the largest and most sensitive radio telescope in the southern hemisphere until the Square Kilometre Array (SKA) is completed.

Why is this such a big deal? After all, Africa has many challenges more pressing than exploring the universe. But, as my colleagues and I recently argued in an article for Nature Astronomy, astronomy occupies a special place among the many efforts to address development challenges. It has a unique ability to stimulate thoughts of “what is possible” in the minds of marginalised communities, women and children.

Astronomy connects philosophical, cultural and inspirational elements with the cutting edge of science and technology. This affords the discipline a unique advantage to foster socioeconomic development. For instance, astronomy has been used in Sierra Leone to improve middle school pupils’ literacy. It worked because they loved what they were learning.

Astronomy techniques are also used across sectors from conservation to medical imaging.

The International Astronomical Union’s Office of Astronomy for Development uses astronomy to drive positive developmental change. It has ten regional and language centres. Three are in Africa, in Ethiopia, Nigeria and Zambia. The global coordinating office is situated in South Africa.

Our challenge as astronomers is not only to grow the discipline in Africa. We also need to ensure that this growth is accompanied by the educational, technology transfer and societal engagement initiatives that can drive the continent’s development priorities.

Skills training

The funding we disburse has been used to run a number of programmes aimed at developing skills among school and university students.

One of these was the Madagascar Astronomy Python Workshop in 2017. It focused on practical coding in the Python programming language for university students and lecturers. The aim was to build on astronomy tools that participants can develop for their own research and teaching, not necessarily in the field of astronomy.

At school level the Girls Astronomy Camp was held in Abuja, Nigeria earlier this year. This not only dealt with education. It also tackled the large gender disparity in science, technology, engineering and maths fields, which can be a complex, socio-cultural issue in many regions.

It’s crucial for educational interventions to address the fact that astronomy students often find employment outside the field. Students must learn science in a way that allows them to build their repertoire of transferable skills.

So the Office of Astronomy for Development has funded a number of Joint Exchange Development Initiative workshops in Namibia, Mozambique and Mauritius. These workshops focus on direct transfer of specific skills in an informal but intense learning environment. They’re also excellent for data science skills, which are particularly important for economic growth and jobs in emerging markets.

To support this need and bridge the data science and astronomy communities, the Office of Astronomy for Development hosts a repository for data science resources and code examples.

Beyond disciplinary boundaries

Astronomy can also be put to use in perhaps surprising ways to boost development.

One of our projects, Accessible Citizen Science for the Developing World, has married health issues with astronomy skills through running a proof-of-concept type intervention. Retinal defects are common, but curable. Peek Vision, a social enterprise that works to bring better vision and health to everyone, developed a retinal imaging device that can be easily used, even in rural Kenya, with an Android phone.

But there weren’t enough qualified ophthalmologists at hand to use the app to diagnose retinal problems. So Peek Vision teamed up with astronomers at a citizen science portal called the Zooniverse. In the same way that the citizen scientists had previously worked to classify thousands of galaxies, they were called on to learn how to identify retinal problems on the Zooniverse portal.

Such partnerships are quintessential examples of working together across disciplinary boundaries to achieve development outcomes.

Creating spaces

There are numerous other initiatives that contribute to development through astronomy. Large astronomical infrastructure investments like MeerKAT aim to stimulate the technology industry and advance the development of technical skills.

International aid initiatives with a science focus like Development in Africa with Radio Astronomy (DARA) and its sister project, DARA Big Data, are using the momentum generated through the SKA programme to develop skills and train more astronomy students for the continent.

Of course, the few examples illustrated in this article hardly begin to address the myriad challenges facing Africa and the world. Technology and science can only do so much: these challenges have solutions that are, at least in part, driven by human values.

That’s why conversations that span natural and social sciences are key to making development progress on the continent. The Office of Astronomy for Development is one of the spaces hosting these conversations. We’re challenging astronomers and other scientists to reach across the disciplinary boundaries to explore how their skills can help Africa meet its development goals.


Author’s note: the article on which this piece is based first appeared in Nature and was co-authored by Ramasamy Venugopal, Munira Hoosain, Tawanda Chingozha & Kevin Govender.

Vanessa McBride, Astronomer, International Astronomical Union's Office of Astronomy for Development

This article was originally published on The Conversation. Read the original article.

Published in Engineering

Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017.

This is according to analysis by Baker McKenzie of Thomson Reuters M&A data for Africa. The report notes that there were 485 deals valued at USD 19, 420 million in the first half of 2017, this dropped to 270 deals valued at USD 8,318 million in H1 2018. On a positive note, intraregional cross-border deals rose twofold in terms of aggregate value from USD 418 million in the first half of 2017 to USD 1,292 million in H1 2018.

Morne van der Merwe, Managing Partner and Head of the Corporate/M&A Practice at Baker McKenzie in Johannesburg explains, “Africa is a continent with 54 different countries, all with different economies and so it is difficult to pin down specifically what has caused the downturn in M&A activity in the first half of the year. Generally, inbound investment in Africa has been affected by political uncertainty and unpredictability - business does not mind challenge but has no affinity for uncertainty. Corruption and bad governance, as well as the strict anti-bribery and anti-corruption laws in some investor countries, such as the United States and the United Kingdom, has made investors more cautious.”

Intraregional trade
“Despite the downturn in M&A transactions, it appears that regional economies are developing and intraregional trade is doing well. East Africa is developing a strong regional focus and had almost left the Southern African region behind, although this region has come back onto the radar of late,” van der Merwe notes.

Van der Merwe explains further that certain economies such as Ethiopia are becoming more of a discussion point as popular investor destinations in Africa because of interesting development initiatives taking place in this country.

The majority of the intraregional deals in Africa were in the High Technology Sector (cutting edge or advanced technology) which accounted for 21% of all deals. Interregional dealmaking value was highest in the Financial sector which made up 82% of the total value. There were four High Technology intraregional deals in Africa in the first half of 2018. Intraregional deals in the financial sector in H1 2018 were worth USD 1,056 million.

Van der Merwe says that the financial services sector, especially banks and insurance companies have been deploying various models for their expansion into Africa, including regionally focused strategies.

“Lessons I have picked up from these markets include that having the right local partner remains key to being successful in Africa and that it is important it to think twice before you impose your brand on a market where you have recently made an acquisition. This is because you may change the recently acquired company from what had made it successful in the first place. Keeping the local brand and management in place has worked very well for some in the financial services sector who have expanded into Africa,” he notes.

Van der Merwe explains that events such as Barclays withdrawing from Africa had left many wondering how a financial giant like Absa would rethink its strategy and possible expansion into Africa, and it will be interesting to follow the unfolding of their strategy to position themselves as an African Bank.

“I think that expanding into the continent and having a regional approach as part of that expansion is something they are most likely thinking about very carefully,” he says

He notes that the growth in investment in both the financial services sector and the technology sector in Africa are interlinked. Financial services organisations are becoming more dependent on investment in technology and innovation as they look to upgrade their IT systems and find news way to grow their customer bases.

In terms of inbound cross-border transactions with other regions, Industrials was the most popular by deal volume (16% share of the total) with 16 deals completed in the first half of the year. Energy & Power attracted the highest share of aggregate deal value (35% of the total value), with deals valued at USD 1,493 million.

“The industrials sector is a focus area for many developing economies across the continent and the sector is well established, leading to many more opportunities than one would find in less well established sectors,” he says.

Van der Merwe explains that the extent of the power deficit in Africa is well known and increasing electricity generation, whether on-grid or off-grid, across the continent is the focus of a number of initiatives, all of which are driving investment.
In terms of foreign investors, the United States (US) was the most acquisitive in Africa, representing 18% of deal volume and 39% of deal value. The US completed 18 deals in Africa in H1 2018, worth USD 1,694 million.

“The US has been a significant investor in the African continent for some time. Trump’s policies have played out well for certain countries in Africa and the relationship between the US and Africa is very much focused on strategic bilateral relationships influencing the direction of investment flow,” he notes.

In terms of outbound deals, High Technology had the highest volume of outbound interregional cross-border deals (13% of total deals). There were eight outbound deals in the High Technology sector in the first half of the year. Real Estate accounted for the highest share in aggregate value at 27% of total value of outbound deals. This sector completed USD 430 million worth of deals in H1 2018.

“The high number of outbound technology deals from Africa is because African tech companies are targeting offshore investments in companies that will deepen their access to new technologies, markets and talent,” he says.

The real estate sector attains prominence because of relative value of real estate as an asset class.

“As economies develop, so does real the estate sector. For example, the expanding middle class and consumerism in Africa has led to a growth in the consumer goods sector and real estate development is part of that as new shopping centres are developed. Also, African infrastructure development is high on the agenda across the continent and there is a big real estate element associated with that as well,” he explains.

The UK had the highest number of investors from Africa during the period H1 2018 (20% share), with 12 deals being completed in the first half of the year. India was the most attractive market in terms of value (46% of total value). African dealmakers completed transactions worth USD 735 million in India in H1 2018.

“The ease of doing business with the UK brought about by various factors, including, time zones, easy access, language, historical ties and familiarity has meant that investment between the UK and numerous African countries has always been good. Brexit has impacted positively on investment in that it has caused UK trade outreach initiatives to various historic trade partners,” van der Merwe explains.
“With regards to India being a popular investment destination for African businesses to invest, this is because like Africa, India is a developing economy. African investors are astute in seeking out opportunities in these economies because the environment and challenges are often similar, or at least comparable. This makes it easier to build a relationship with local partners, which is so necessary for successful investment. India is also a very large economy and so huge opportunities can be accessed for investors who know where to look. In addition, historical ties between India and many countries in Africa adds to the familiarity and relative ease of doing business,” he adds.

Published in Business
Persistent price depreciation in the shares of most highly capitalised firms on the Nigerian Stock Exchange (NSE), yesterday dragged the All-share index further by 0.07 per cent.
Specifically, at the close of transactions yesterday, the All-Share Index (NSE-ASI) shed 26.81 absolute points, representing a decline of 0.07 per cent to close at 37,226.44 points.
Also, the market capitalisation declined by N10billion to close at N13.485trillion.The decline was occasioned by losses recorded in medium and large capitalised stocks, amongst which are; Beta Glass, Forte Oil, Nigerian Breweries, Dangote Sugar, and GlaxoSmithKline Consumer Nigeria.
Analysts at Afrinvest Limited said: “As highlighted, we continue to see some late bargain hunting in the market, albeit, insufficient to upturn market performance. Hence, we expect to see a similar trend in today’s trading activity.”
Market breadth closed negative, with 15 gainers versus 30 losers. Custodian and Allied Insurance recorded the highest price gain of 8.45 per cent to close at N6.80 per share. International Breweries gained 5.61 per cent to close at N40.50.
Multiverse Mining and Exploration appreciated by five per cent to close at 21kobo per share.Vitafoam Nigeria added by 4.52 per cent to close at N3.24, while Japaul Oil & Maritime Services gained 3.03 per cent to close at 34kobo per share.
On the other hand, Beta Glass led the losers’ chart by 10 per cent, to close at N81 per share. Tantalizers followed with a decline of 9.09 per cent to close at 30kobo, while McNichols shed 8.99 per cent to close at 81kobo, per share.
Nigerian Aviation Handling Company (NAHCO) declined by 7.25 per cent to close at N3.71, and Honeywell Flour shed 6.37 per cent to close at N1.91 per share.However, the total volume traded rose by 22.08 per cent to 350.47 million shares worth N4.6billion traded in 3,228 deals. Transactions in the shares of NAHCO topped the activity chart with 88.13 million shares valued at N483.47million. Access Bank followed with 42.87 million shares worth N428.75million, while Zenith Bank traded 40.84 million shares at N980.23million.
Sovereign Trust Insurance traded 33.77 million shares valued at N7million, while International Breweries transacted 20.95 million shares worth N777.03million.
Source: The Guardian
Published in News Economy
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