
In the age of digital transformation, entrepreneurship is at the forefront of driving economic growth and sustainable development in Africa. With the continent’s ambitious Agenda 2063 as a guiding framework, aspiring entrepreneurs are seeking ways to leverage the opportunities presented by the digital economy to propel continental prosperity. Central to this endeavour are key elements such as artificial intelligence (AI), cybersecurity, and innovative approaches that can pave the way for success in the fast-evolving landscape of African entrepreneurship. As entrepreneurs navigate the digital economy in line with Agenda 2063, they can tap into a multitude of resources and organizations for support. From the African Union’s economic development initiatives to regional economic communities, incubators, and online platforms, a wealth of opportunities exist for entrepreneurs to access mentorship, funding, and networking within the vibrant African startup ecosystem. By harnessing these resources and adopting innovative strategies, aspiring entrepreneurs can position themselves for success in building sustainable businesses that contribute to the continent’s long-term growth. Entrepreneurship in the digital economy in Africa is an area of immense potential and growth. As technology continues to advance and digital tools become more accessible, the opportunities for African entrepreneurs to innovate and create sustainable businesses are increasing. However, several key challenges and considerations need to be addressed to fully harness the potential of entrepreneurship in the digital economy in Africa. One of the key issues facing African entrepreneurs in the digital economy is access to technology and infrastructure. While mobile phone penetration is high in many African countries, access to reliable internet connectivity and affordable devices can still be a barrier for many entrepreneurs. Improving access to technology and infrastructure is essential to support the growth of digital entrepreneurs in Africa. Another challenge is building the necessary skills and knowledge to succeed in the digital economy. Many African entrepreneurs may lack the technical skills required to take full advantage of digital tools and platforms. Investing in education and training programs that focus on digital skills and entrepreneurship can help to bridge this gap and support the growth of a digitally literate workforce in Africa. The future of work in the digital economy is also a key consideration for African entrepreneurs. As automation and artificial intelligence continue to reshape the labour market, African entrepreneurs need to adapt and innovate to stay competitive. This may involve developing new business models, creating products and services that leverage technology, and embracing new ways of working. Sustainability is another important factor to consider in the context of entrepreneurship in the digital economy in Africa. As the impacts of climate change become more pronounced, there is a growing need for businesses to operate in a sustainable and environmentally conscious manner. African entrepreneurs have an opportunity to lead the way in creating innovative and sustainable businesses that not only drive economic growth but also contribute to environmental and social goals. As such, entrepreneurship in the digital economy in Africa holds immense potential for driving economic growth, creating employment opportunities, and promoting sustainable development. By addressing key challenges such as access to technology, building digital skills, adapting to the future of work, and promoting sustainability, African entrepreneurs can unlock the full potential of the digital economy and drive positive change across the continent. With a particular focus on Africa, how has the implementation of Agenda 2063 influenced the landscape of economic development and sustainability, particularly for aspiring entrepreneurs in the digital economy? Agenda 2063 is a strategic framework for the socio-economic transformation of Africa, developed by the African Union to guide the continent’s development over the next 50 years. The agenda aims to accelerate Africa’s development by focusing on key areas such as infrastructure development, industrialization, trade, governance, and human capital development. While it has been in application for several years, there have been both successes and challenges in terms of its impact and advocacy. One of the key impacts of Agenda 2063 is the increased focus on regional integration and cooperation. The agenda emphasizes the importance of African countries working together to achieve common goals and address shared challenges. This has led to initiatives such as the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across the continent. Regional integration efforts under Agenda 2063 have the potential to boost economic growth, trade, and investment in Africa. Another impact of Agenda 2063 is the increased focus on infrastructure development. The agenda prioritizes the development of key infrastructure such as transportation networks, energy systems, and ICT infrastructure to support economic growth and development. Investments in infrastructure under Agenda 2063 have the potential to improve connectivity, reduce trade barriers, and enhance competitiveness in African economies. However, there are also challenges and limitations in the implementation of Agenda 2063. One key challenge is the issue of financing. Many of the initiatives and projects outlined in Agenda 2063 require significant financial resources to implement. Mobilizing the necessary funding from both domestic and external sources remains a major challenge for African countries. Additionally, there is a need for better coordination and alignment of efforts among African countries and institutions to fully realize the potential of Agenda 2063. Improved governance, transparency, and collaboration are needed to ensure that the objectives of the agenda are effectively implemented. Essentially, while there have been significant efforts and achievements in implementing Agenda 2063, there is still work to be done to fully realize its transformative potential. Continued advocacy, political will, and commitment from African governments and stakeholders will be essential to ensure that Agenda 2063 leads to tangible and sustainable development outcomes for the continent. One can then ask, how can the principles of Agenda 2063 be effectively integrated with entrepreneurship practices in the digital economy to maximize opportunities and overcome challenges for the continent’s long-term prosperity and sustainability? Implementing entrepreneurship approaches in the digital economy in line with the provisions of Agenda 2063 offers numerous opportunities for promoting economic growth, job creation, innovation, and sustainable development in Africa. However, there are also significant challenges that must be navigated to harness the full potential of entrepreneurship in the digital economy. Here are some opportunities, challenges, and best approaches to address them: Opportunities: 1. Market Access: The digital economy provides African entrepreneurs with access to global markets, allowing them to reach a wider customer base and expand their businesses beyond local borders. 2. Innovation and Creativity: Digital technologies enable entrepreneurs to develop new products and services, improve business processes, and drive innovation in various sectors of the economy. 3. Job Creation: Entrepreneurship in the digital economy has the potential to create new job opportunities, particularly for young people who are tech-savvy and can leverage digital skills to start and grow their businesses. 4. Financial Inclusion: Digital payment systems and fintech solutions can improve financial inclusion by providing access to financial services for underserved populations, enabling more people to participate in economic activities. Challenges: 1. Digital Divide: Unequal access to digital infrastructure, such as internet connectivity and technology devices, can limit the participation of entrepreneurs in the digital economy, particularly in rural and remote areas. 2. Skills Gap: Many entrepreneurs lack the necessary digital skills and knowledge to leverage technology effectively in their businesses, hindering their ability to compete in the digital economy. 3. Regulatory challenges: Complex and outdated regulations may stifle innovation and entrepreneurship in the digital economy, creating barriers to entry for startups and hindering their growth. Best Approaches: 1. Capacity Building: Providing training and mentorship programs to entrepreneurs to enhance their digital skills, business acumen, and innovation capabilities. 2. Access to Finance: Facilitating access to affordable financing options, including venture capital, angel investors, and crowdfunding, to support entrepreneurial ventures in the digital economy. 3. Regulatory Reforms: Streamlining regulations and creating a conducive environment for digital entrepreneurship by promoting ease of doing business, protecting intellectual property rights, and ensuring data privacy and cybersecurity. 4. Collaboration and Networking: Encouraging collaboration between entrepreneurs, government agencies, academia, and industry stakeholders to foster innovation, share best practices, and create synergies for growth. By leveraging these opportunities, addressing challenges, and implementing the best approaches, Africa can unlock the full potential of entrepreneurship in the digital economy in line with the provisions of Agenda 2063. This will contribute to continental prosperity, sustainable development, and the realization of Africa’s vision for a prosperous and integrated continent by 2063. In light of these considerations, how can we strategically position and effectively leverage Artificial Intelligence (AI) and Cybersecurity within the context of Agenda 2063 and digital entrepreneurship to advance our continental goals? Let’s delve deeper into this critical intersection to uncover comprehensive strategies and solutions for sustainable progress. Positioning AI and cybersecurity within the context of entrepreneurship in the digital economy in Africa is critical for leveraging the full potential of digital technologies while ensuring the security and privacy of online activities. Here are some key considerations for positioning AI and cybersecurity in this landscape: 1. Leveraging AI for Innovation and Efficiency: – African entrepreneurs can harness the power of AI to drive innovation, automate processes, and enhance decision-making in their businesses. – AI applications such as machine learning, natural language processing, and predictive analytics can help entrepreneurs gain insights, optimize operations, and deliver personalized experiences to customers. 2. Addressing Skills Gaps and Adoption Challenges: – Promoting AI education and training programs to equip entrepreneurs with the necessary skills to leverage AI technologies effectively in their businesses. – Encouraging collaboration between industry, academia, and government to foster AI adoption, knowledge sharing, and technology transfer. 3. Enhancing Cybersecurity Measures: – Implementing robust cybersecurity measures to protect digital assets, sensitive data, and online transactions from cyber threats. – Promoting awareness of cybersecurity best practices among entrepreneurs, employees, and customers to prevent cyber attacks and data breaches. 4. Regulatory Framework and Compliance: – Establishing clear regulations and standards for AI applications and cybersecurity practices to ensure ethical use of AI and data protection. – Ensuring compliance with data privacy laws, such as the General Data Protection Regulation (GDPR) and the African Union Convention on Cyber Security and Personal Data Protection, to safeguard personal information and build trust with customers. 5. Collaboration and Knowledge Sharing: – Fostering collaboration between AI experts, cybersecurity professionals, government agencies, and industry stakeholders to exchange knowledge, share resources, and address emerging cybersecurity threats. – Encouraging public-private partnerships to develop cybersecurity solutions, conduct research, and build cybersecurity capacity in Africa. By positioning AI and cybersecurity as integral components of entrepreneurship in the digital economy in Africa, entrepreneurs can unlock new opportunities for growth, innovation, and competitiveness while mitigating cybersecurity risks and safeguarding digital assets. This strategic focus on AI and cybersecurity will not only drive sustainable development and prosperity but also contribute to building a more resilient and secure digital ecosystem in Africa. Consequently, amid the focus on implementing Agenda 2063 as a framework for sustainability and economic development, where can emerging entrepreneurs seek assistance and guidance within the digital economy landscape? This crucial inquiry prompts us to explore the support systems available to aspiring entrepreneurs navigating the complexities of a rapidly evolving market. Aspiring entrepreneurs seeking support in the digital economy within the framework of Agenda 2063 can turn to various resources and organizations for guidance, mentorship, and funding opportunities. Here are some key avenues for help: 1. African Union: – The African Union plays a central role in advancing Agenda 2063 and promoting economic development in Africa. Entrepreneurs can access information, resources, and programs through the AU’s Department of Economic Development, Trade, Industry, and Mining. 2. National Governments and Ministries: – Many African countries have established entrepreneurship and innovation programs to support startups and small businesses. Entrepreneurs can reach out to their respective governments and relevant ministries for information on available resources and initiatives. 3. African Development Bank (AfDB): – The AfDB offers various funding mechanisms, technical assistance, and capacity-building programs for entrepreneurs in Africa. Aspiring entrepreneurs can explore the AfDB’s initiatives focused on sustainable development, innovation, and economic growth. 4. Regional Economic Communities: – Regional economic communities such as the Economic Community of West African States (ECOWAS) and the East African Community (EAC) provide platforms for collaboration, networking, and access to regional markets for entrepreneurs in Africa. 5. Incubators and Accelerators: – Entrepreneurship incubators and accelerators can provide aspiring entrepreneurs with mentorship, training, and networking opportunities to launch and grow their businesses in the digital economy. Examples include the Tony Elumelu Foundation Entrepreneurship Program and the MEST Africa incubator. 6. Innovation Hubs and Co-working Spaces: – Innovation hubs and co-working spaces offer entrepreneurs a collaborative environment to work, network, and access support services such as mentorship, training, and access to funding opportunities. Examples include iHub in Kenya and CcHUB in Nigeria. 7. Angel Investors and Venture Capitalists: – Aspiring entrepreneurs can seek funding from angel investors and venture capitalists who are interested in supporting startups in the digital economy. Platforms like VC4A and AngelList connect entrepreneurs with potential investors. 8. Online Platforms and Communities: – Online platforms and communities such as StartUp Africa and Africa Tech Summit provide information, resources, and networking opportunities for entrepreneurs in the digital economy. Engaging with these platforms can help aspiring entrepreneurs stay informed and connected within the African startup ecosystem. By leveraging these resources and organizations, aspiring entrepreneurs can access the support, mentorship, funding, and networks needed to thrive in the digital economy within the context of Agenda 2063’s goals of sustainability and economic development in Africa. In conclusion, as Africa embarks on a journey towards achieving the goals of Agenda 2063, entrepreneurship in the digital economy emerges as a critical driver of continental prosperity and sustainability. By embracing innovative technologies like AI, prioritizing cybersecurity measures, and leveraging the wealth of resources available, aspiring entrepreneurs have the tools they need to thrive and make a meaningful impact on the African economy. Through collaboration, creativity, and a commitment to fostering entrepreneurship, Africa’s future generations of business leaders can turn challenges into opportunities and navigate the complexities of the digital economy with resilience and determination. Ultimately, by harnessing the power of entrepreneurship within the context of Agenda 2063, Africa can unlock its full potential and pave the way for a prosperous and thriving future.A Chinese film set during the Covid-19 pandemic won the top prizes in Taiwan's prestigious Golden Horse Awards, which saw the highest number of entries from China in recent years despite political tensions. Beijing banned its entertainers from joining Golden Horse -- dubbed the Chinese-language "Oscars" -- in 2019 after a Taiwanese director voiced support for the island's independence in an acceptance speech in 2018. China claims Taiwan as part of its territory, which the Taipei government rejects, and Chinese A-listers and big commercial productions have largely avoided the event ever since. Despite the sensitivity of the awards, more than 200 Chinese films entered this year's competition, which Taiwan's Mainland Affairs Council (MAC) said was the highest number in "recent years". Acclaimed Chinese filmmaker Lou Ye was awarded best director late Saturday night for his docu-drama "An Unfinished Film", which was also named best picture. Lou was absent from the ceremony but his wife Ma Yingli read his acceptance speech, describing the film set during China's lockdown of Wuhan in the earliest stages of the pandemic as "the most special directing job I have ever done". Chinese actor Zhang Zhiyong, who also did not attend the awards, won best actor for his performance in Chinese director Geng Jun's same-sex drama "Bel Ami". Hong Kong's Chung Suet-ying was named best actress for her role in "The Way We Talk", which is about the deaf community. Neither "Bel Ami" nor "An Unfinished Film" has been released in China. Ahead of the awards, MAC spokesman Liang Wen-chieh told reporters that these films "may not be able to be screened in mainland China, but they still hope to have a free platform to participate and express themselves". "We welcome (them) very much," he said. After several years absence, Chinese stars began trickling back to the awards in Taipei last year, with actress Hu Ling the first to grace the red carpet since the ban. On Saturday, Geng Jun and some of his cast were among the few Chinese entertainers to join stars and filmmakers from around the region, including Taiwan, Hong Kong, Singapore and Japan, on the red carpet. While Geng missed out on best director and best picture, his film "Bel Ami" won the awards for best cinematography and best film editing. Despite political tensions, Golden Horse remained a stage for independent Chinese films that have no distribution space on the mainland, Taiwanese film critic Wonder Weng told AFP. "This spirit remains unchanged. I think the Golden Horse Awards have always insisted on being the benchmark" that is open to all subjects, said Weng, who is a board member of Taiwan Film Critics Society. Weng said "An Unfinished Film" by Lou, who has previously taken on forbidden subjects such as gay sex and the 1989 Tiananmen protests, was "a work of conscience". Lou's latest offering is about a film crew trying to resume shooting a movie during the Covid-19 pandemic in Wuhan, as the city was placed in an unprecedented lockdown. "Lou put images that are banned or blocked into his work and reminds us that there is a director who is willing to preserve historical images for us to see... and let us know there is a different voice," Weng said. aw/amj/dhcThe world must respond to Russia’s use of a new ballistic missile, Volodymyr Zelensky said as Vladimir Putin threatened to strike the UK with his hypersonic weapon. The Ukrainian president said the use of a ballistic missile to hit Dnipro was a “clear and severe escalation in the scale and brutality of this war” and he warned that Russian president Mr Putin would attack or destabilise other countries unless stopped. Mr Putin said the use of the new weapon was in response to the UK and US allowing missiles they have supplied to Ukraine to be used to strike targets in Russia. “In response to the use of American and British long-range weapons on November 21 of this year, the Russian armed forces launched a combined strike on one of the facilities of the Ukrainian defence industry,” Mr Putin said in a televised address. “One of the newest Russian medium-range missile systems was tested in combat conditions, in this case, with a ballistic missile in a non-nuclear hypersonic warhead.” He added: “We consider ourselves entitled to use our weapons against military facilities of those countries that allow their weapons to be used against our facilities.” But Mr Zelensky urged world leaders – his “dear partners” – not to be cowed by Mr Putin’s actions otherwise there will be “endless Russian strikes” and “not just against Ukraine”. Today, Putin admitted to taking a second step this year toward escalating and expanding this war. A new ballistic missile was used. Putin struck our city of Dnipro, one of Ukraine’s largest cities. This is a clear and severe escalation in the scale and brutality of this war—a... — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) “A lack of tough reactions to Russia’s actions sends a message that such behavior is acceptable,” the Ukrainian president said on X, formerly Twitter. “This is what Putin is doing. Putin must feel the cost of his deranged ambitions. “Response is needed. Pressure is needed. Russia must be forced into real peace, which can only be achieved through strength. “Otherwise, there will be endless Russian strikes, threats, and destabilisation-not just against Ukraine.” The UK is believed to have allowed its Storm Shadow missiles to be used by Ukrainian forces within the Kursk region of Russia, while the US has given permission for its ATACMS weapons to be fired at targets in Mr Putin’s country. Mr Putin confirmed Russia has tested the new intermediate-range weapon in an attack on Dnipro in response. The US said the weapon was a new, experimental intermediate-range missile based on Russia’s existing RS-26 Rubezh intercontinental ballistic missile. In Westminster, the Prime Minister’s official spokesman said: “My understanding is that it is the first time that Russia has used a ballistic missile in Ukraine with a range of several thousand kilometres.” Defence Secretary John Healey said it was “yet another example of Putin’s recklessness”. He said: “Since the illegal invasion of Ukraine began, Russia has consistently and irresponsibly escalated the conflict while Ukraine continues to fight in self-defence for a democratic future.” The missile’s range far outstrips that of newly authorised US and British-supplied weapons, which can hit targets around 250-300km away. The distance from Moscow to London is around 2,500km, suggesting the range of the new missile could threaten the UK. Mr Healey said the UK knew Russia had been “preparing for months” to fire a new ballistic missile. Downing Street and the Ministry of Defence have repeatedly declined to comment publicly on Ukraine’s use of Storm Shadow. “It risks both operational security and in the end the only one that benefits from such a public debate is President Putin,” Mr Healey told MPs. I had a meeting with the UK delegation led by Chief of the Defence Staff . We discussed defense cooperation between Ukraine and the United Kingdom, focusing on developing and enhancing the technological capabilities of the Armed Forces of Ukraine. Particular... — Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) The head of the UK’s armed forces, Chief of the Defence Staff Admiral Sir Tony Radakin, met Mr Zelensky in Kyiv to discuss the war on Thursday. Mr Zelensky said: “We discussed defence co-operation between Ukraine and the United Kingdom, focusing on developing and enhancing the technological capabilities of the armed forces of Ukraine. “Particular attention was given to Ukraine’s current military needs and the continued support from our partners.”
Stock market today: Wall Street ends little changed after giving up a big morning gainPutin apologizes for 'tragic incident' but stops short of saying Azerbaijani plane was shot down MOSCOW (AP) — Russian President Vladimir Putin has apologized to his Azerbaijani counterpart for what he called a “tragic incident” following the crash of an Azerbaijani airliner in Kazakhstan that killed 38 people. He stopped short of acknowledging that Moscow was responsible. The Kremlin said that air defense systems were firing near Grozny, the regional capital of the Russian republic of Chechnya, to deflect a Ukrainian drone strike as the plane attempted to land on Wednesday. Putin apologized to Azerbaijani President Ilham Aliyev “for the fact that the tragic incident occurred in Russian airspace.” The Kremlin also says Russia, Azerbaijan and Kazakhstan are jointly investigating the crash site near the city of Aktau in Kazakhstan. Israel detains the director of one of northern Gaza's last functioning hospitals during a raid DEIR AL BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israel’s army has detained the director of one of northern Gaza's last functioning hospitals. The announcement on Saturday came after health officials said Israeli troops stormed the hospital and forced many staff and patients outside and told them to strip in winter weather. Israel’s military alleges the hospital director is a suspected Hamas operative and says it detained over 240 others. It acknowledges it ordered people outside and that special forces entered the hospital. It says it “eliminated” militants who fired at its forces. Kamal Adwan officials have denied that Hamas operates in the hospital. Abortions are up in the US. It's a complicated picture as women turn to pills, travel Even with abortion bans in place in most Republican-controlled states, the number of people obtaining them has grown slightly. That's part of a complicated picture of the impacts of the U.S. Supreme Court's decision to overturn Roe v. Wade two and a half years ago. Abortion pills are more common now. So is traveling to other states for care, often on journeys hundreds of miles long. Public support for the right to abortion has also increased since before the ruling. That's been reflected in most ballot measures to add the right to abortion to state constitutions being adopted. Drought, fires and deforestation battered Amazon rainforest in 2024 BOGOTA, Colombia (AP) — The Amazon rainforest staggered through another difficult year in 2024. A second year of record drought contributed to wildfires that worsened deforestation across the massive forest, which spans Brazil, Peru, Colombia and other Latin American nations and is a critical counterweight to climate change. There were some bright spots. Both Brazil and Colombia reported lower levels of deforestation compared to prior years. Experts say Amazon countries need to do more to strengthen cross-border collaboration and that the global community who reap the benefits of commodities from the rainforest also need to pitch in. Bloodied Ukrainian troops risk losing more hard-won land in Kursk to Russia KYIV, Ukraine (AP) — Five months after their shock offensive into Russia, Ukrainian troops are bloodied by daily combat losses and demoralized by the rising risk of defeat in Kursk. Some want to stay in the region at all costs. Others question the value of having gone in at all. Battles are so intense that commanders are unable to evacuate their dead. Lags in communication and poorly timed operations have cost lives and commanders say they have little way to counterattack. The overstretched Ukrainians have lost more than 40% of the territory they won in the lightning incursion that seized much of Kursk in August. Afghan forces target Pakistan in retaliation for deadly airstrikes Afghanistan's Defense Ministry says its forces hit several points inside Pakistan in retaliation for deadly airstrikes. Pakistan last Tuesday launched an operation to destroy a training facility and kill insurgents in Afghanistan's eastern Paktika province. The strikes killed dozens of people. The ministry said Saturday that its forces hit points “serving as centers and hideouts for malicious elements and their supporters who organized and coordinated attacks in Afghanistan.” Pakistan accuses the Taliban of not doing enough to combat cross-border militant activity, a charge the Taliban government denies. Former Indian Prime Minister Manmohan Singh, who instituted economic reforms, cremated in New Delhi NEW DELHI (AP) — Manmohan Singh, the former Indian prime minister widely regarded as the architect of the country’s economic reform program, has been cremated after a state funeral. The veteran leader, who was also credited for a landmark nuclear deal with the United States, died late Thursday at age 92. Singh’s body was taken Saturday to the headquarters of his Congress party in New Delhi, where party leaders and activists paid tributes to him and chanted “Manmohan Singh lives forever.” Later, his body was transported to a crematorium ground for his last rites as soldiers beat drums. A mild-mannered technocrat, Singh was prime minister for 10 years until 2014. Sweden embarks on a sober search for more cemetery space in case of war GOTHENBURG, Sweden (AP) — Burial associations in Sweden are looking to acquire enough land for something they hope they’ll never have to do. And that's to bury thousands of people in the event of war. The search follows new crisis preparedness guidelines from the country's civil defense agency and the military. The issue is seen in a new light after Russia's invasion of Ukraine led formerly neutral Sweden to join NATO. Sweden and Finland sent out updated civil preparedness guides in November with instructions on how to survive in war. The guides are similar to those in Denmark and Norway, though they don't mention Russia by name. Olivia Hussey, star of the 1968 film 'Romeo and Juliet,' dies at 73 LONDON (AP) — Olivia Hussey, the actor who starred as a teenage Juliet in the 1968 film “Romeo and Juliet,” has died, her family said on social media. She was 73. Hussey died on Friday, “peacefully at home surrounded by her loved ones,” a statement posted to her Instagram account said. Hussey was 15 when director Franco Zeffirelli cast her in his adaptation of the William Shakespeare tragedy. “Romeo and Juliet” won two Oscars and Hussey won a Golden Globe for best new actress for her part as Juliet, opposite British actor Leonard Whiting. Decades later, the pair brought a lawsuit against Paramount Pictures over nude scenes in the film they said they were coerced to perform. The case was dismissed by a Los Angeles County judge in 2023. Winning ticket for $1.22 billion lottery jackpot sold in California, Mega Millions says At least one Mega Millions player has plenty of dough to ring in the New Year after drawing the winning number. After three months without anyone winning the top prize in the lottery, a ticket worth an estimated $1.22 billion was sold in California for the drawing Friday night. The California Lottery said the winning ticket was sold at Circle K (Sunshine Food and Gas) on Rhonda Rd. in Cottonwood. The winning ticket matched the white balls 3, 7, 37, 49, 55 and the gold Mega Ball 6. The identity of the winner or winners was not immediately known. The estimated jackpot was the fifth-highest ever for Mega Millions.
ARLINGTON, Va., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Venture capital firm Energy Innovation Capital (EIC), global digital and AI transformation consulting firm A&MPLIFY by Alvarez and Marsal, world class engineering and research university Virginia Tech, leading cloud and AI platform Amazon Web Services (AWS), and DC region real estate owner and developer JBG SMITH today announced the launch of the Virtus Innovation Center (Virtus) in National Landing ( www.virtusinnovation.com ). While Washington, DC is the epicenter for energy policy and national security, there is untapped potential in the market and a lack of innovation programs that effectively bridge capital formation, incubation, and acceleration for early-stage companies. Once funding is secured, Virtus’ differentiated platform aims to leverage the collective expertise of its partners to provide startup companies the physical resources, capital, and strategic support they need to develop innovative national security and energy technologies. The plan for Virtus’ integrated approach includes: The Virtus Innovation Center will be an independent organization managed by a board of directors comprising sponsors and partners. It is being developed by principals from EIC and A&MPLIFY by Alavarez and Marsal. It is supported by JBG SMITH, AWS, and Virginia Tech. EIC invests across industrial and energy technologies and managing a portfolio with $350 million AUM. A&MPLIFY by Alvarez and Marsal brings its digital, AI, innovation, federal, and energy expertise. Virginia Tech provides distinguished research capabilities and human capital with critical skills, and JBG SMITH will provide the physical space for the incubator alongside high quality amenities, both physical and digital, it is delivering across the National Landing neighborhood. “Over the last 20 years the team at EIC has invested in 150 industrial technology companies enabling electrification, decarbonization, AI, autonomy, and critical technology onshoring. The convergence of these sectors has created significant national security and energy resiliency innovation opportunities,” said Andrew Lackner, Managing Partner of EIC Virtus. “The Virtus Innovation Center will enable startups to leverage DC’s defense and energy ecosystem to accelerate the commercialization of dual-use technologies. We look forward to collaborating with startups, corporations, federal agencies, and other investors to accelerate technologies critical to the national interest of the US.” “We’ve seen the success that is possible when startups and corporations work together to find better technological solutions, and Virtus Innovation Incubator is an exciting opportunity to accomplish that in an established and global industry,” said Bob Ghafouri, Co-Founder and Managing Director at A&MPLIFY by Alvarez & Marsal. “Large, forward-thinking companies are engaging successfully with startups, looking at startups as discovery arms and co-collaborators for innovation.” “With the increasing importance of supporting the growth and energy demand of Artificial Intelligence, the intersection of energy and defense has become a national security priority,” said Matt Kelly, JBG SMITH CEO. “As the incubator partner of the Virtus Innovation Center, we are well-positioned with our physical space near the Pentagon and AI infrastructure to collaborate and scale innovation across the startup community to create new solutions for defense and energy.” Virtus aims to meet the heightened demand for technological advancement in energy and security, driven by various factors including: increased geopolitical activity and the evolving complexity of physical and digital threats; the multi-decade shift to lower-carbon energy; and the exponential growth of data, large language models, data centers, and widespread digitalization across sectors that has transformed how work is done. Virtus will also directly benefit from its strategic location in National Landing, which offers a high concentration of defense-tech and adjacent industries, all of which are clustered together with immediate proximity to the Pentagon, Amazon HQ2, Virginia Tech’s $1B Innovation Campus and dozens of relevant private enterprises and government agencies, including seven of the ten largest recipients of federal defense spending. “Virginia Tech could not be more excited to collaborate with Virtus and partners to ensure cutting-edge technologies with dual-use applications including artificial intelligence, integrated communications and networking, and quantum information and sensing reach the marketplace to support the pressing needs of the nation,” said Eric Paterson, Virginia Tech National Security Institute Executive Director. “With proximity to the nation’s Capital, the institute and Innovation Campus bring vast expertise, unique research facilities, and mission-oriented initiatives, which position us to assist partners in the curation of new startups that seek to solve emerging national security challenges.” Learn more about the Virtus Innovation Center: www.virtusinnovation.com About A&MPLIFY by Alvarez & Marsal A&MPLIFY is the artificial intelligence and digital transformation unit of Alvarez & Marsal. We are marketers, product managers, technologists and data scientists from industry, consulting and technology with innovation studios across the US, Europe, Asia, Latin America, Australia and the Middle East. To learn more, visit www.a-mplify.com . About Alvarez & Marsal Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Renowned for its leadership, action and results, Alvarez & Marsal provides advisory, business performance improvement and turnaround management services, delivering practical solutions to address clients' unique challenges. With a world-wide network of experienced operators, world-class consultants, former regulators and industry authorities, Alvarez & Marsal helps corporates, boards, private equity firms, law firms and government agencies drive transformation, mitigate risk and unlock value at every stage of growth. To learn more, visit AlvarezandMarsal.com . About Energy Innovation Capital (EIC) Energy Innovation Capital invests in companies that are developing industrial technologies transforming energy, national security, and resource intensive industries. EIC currently manages four venture capital funds with AUM of $350M, a corporate innovation partnership program, and an active portfolio of 33 companies. For more information, please visit www.energyinnovationcapital.com . About JBG SMITH JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and our retail and digital placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 13.1 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.3 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com . About Virginia Tech In 1987 Virginia Tech was designated an R1 institution, which is the highest designation for research universities. With locations in Blacksburg and Roanoke, Virginia, and the Washington D.C. metro area including the Innovation Campus, Virginia Tech offers approximately 280 undergraduate and graduate degree programs to more than 38,000 undergraduate, graduate, and professional students across the commonwealth. The university’s research enterprise encompasses over $419 million in sponsored research expenditures in fiscal year 2023. Virginia Tech is one of six senior military colleges in the U.S., a National Security Agency Center for Academic Excellence in Cyber Defense Research , Center for Academic Excellence in Cyber Operations, and an Intelligence Community Center for Academic Excellence. One of the university’s seven research institutes , the Virginia Tech National Security Institute brings together transdisciplinary researchers, programs, and resources from across the university, integrating student learning and cutting-edge research at a scale unmatched by other organizations, producing research and impacting policy related to legal and practical challenges facing national intelligence, defense, law enforcement, homeland security, and cybersecurity communities that are relevant to current questions of national security law and policy and that aid senior policymakers, key departments, and agencies. Contact: Bethany Hilt hiltb@hiltstrategiccommunications.com
Caprock Group LLC Purchases New Holdings in National Grid plc (NYSE:NGG)
PREP FOOTBALL= MSHSL State Tournament= Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Adani Foundation steps in to fund kidney treatment for 19-yr-old Lucknow student
Israel strikes kill 52 in Lebanon as Hezbollah targets south IsraelNone
EuroDry Ltd. ( NASDAQ:EDRY – Get Free Report ) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 7,200 shares, a growth of 928.6% from the November 30th total of 700 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are short sold. Institutional Investors Weigh In On EuroDry An institutional investor recently raised its position in EuroDry stock. Renaissance Technologies LLC boosted its stake in EuroDry Ltd. ( NASDAQ:EDRY – Free Report ) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,100 shares of the company’s stock after purchasing an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.94% of EuroDry worth $1,353,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.44% of the company’s stock. EuroDry Stock Down 3.4 % Shares of NASDAQ:EDRY opened at $11.34 on Friday. EuroDry has a 1 year low of $10.04 and a 1 year high of $24.84. The stock has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $19.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a market capitalization of $32.16 million, a P/E ratio of -5.15 and a beta of 0.73. About EuroDry EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt. See Also Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with MarketBeat.com's FREE daily email newsletter .
BARCELONA, Spain (AP) — Celta Vigo gave 10-man Barcelona a shock by scoring two late goals and snatching a 2-2 draw at home in the Spanish league on Saturday. Barcelona was minutes away from a win to pad its league lead after Raphinha and Lewandowski had put Barcelona in control. But the game dramatically swung after Barcelona defensive midfielder Marc Casadó was sent off with a second booking in the 81st. Moments later Jules Koundé’s poor control of a ball in his area allowed Alfon González to pick his pocket and give the hosts hope in the 84th minute. Celta poured forward at Balaidos Stadium and Hugo Álvarez rifled in the 86th-minute equalizer with Barcelona unable to mark the extra man. AP soccer: https://apnews.com/hub/soccer
Hyderabad: Forests and endowments minister Konda Surekha has expressed suspicion on the handiwork of former secretary of Telangana Social Welfare Residential Educational Institutions Society (TGSWREIS) and BRS leader RS Praveen Kumar in the recent cases of food poisoning being reported in those institutions. Addressing media in Hyderabad on Saturday, she also suspected the hand of BRS working president KT Rama Rao (KTR) behind the incidents, as per the inputs from the intelligence. She said that RS Praveen Kumar had many followers in the Gurukuls, and that she was suspecting that they were trying to create unrest by blaming the state government for those food poisoning incidents, seemingly at the behest of KTR. She also alleged that there were irregularities to the tune of crores in Gurukuls, when RS Praveen Kumar was heading the administration of those institutions, “During the previous government, there was no effort made by those in power to inspect the Gurukuls and check the quality of education and facilities being offered to students there. After Congress came to power we have been doing that. Only one incident of food poisoning happened in the present government, which is unfortunate. With a plan they are trying to prevent the government from doing its work. I believe that there is the hand of RS Praveen Kumar in the incidents of food poisoning being reported in the state,” she told the media. She also said that BRS chief K Chandrasekhar Rao (KCR) was giving more importance to his daughter K Kavitha, and that was the reason why KTR was feeling left-out. She also said that while Siddipet MLA T Harish Rao and Kavitha formed a team, KTR was feeling isolated. In a strong rebuttal of Surekha’s comments, Praveen Kumar dared the state government to arrest him if he was found to have perpetrated any wrongdoing. “Konda Surekha lost her credibility when she got Telangana activists attacked at Manukota railway station during Telangana movement. She doesn’t even deserve to be a minister. I neglected my own children to ensure the children from these Gurukuls excelled in their careers. The results speak loud about what I could achieve. Konda Surekha should stop holding press meets,” he remarked.Communicate better to help Kenyans accept NSSF ratesEmpowering African entrepreneurs: Navigating the digital economy with Agenda 2063
Food manufacturers are urging the Government to help avoid price rises amid fears growing costs and tax hikes could add to higher bills at the checkout. Global prices for basic goods such as vegetable oil, wheat and sugar have risen while poor weather in the UK threatens to increase the cost of dairy products. Manufacturers are also facing pressure from decisions in Chancellor Rachel Reeves’ Budget, including increases in employer National Insurance contributions and the minimum wage, which supermarkets have already warned will force them to put up prices. The Food and Drink Federation, which represents more than 1,000 firms, says investment in skills and digital technology is needed to help the industry improve productivity. Balwinder Dhoot, its director of industry growth and sustainability, said: “The Budget has seen business costs increase and there’s also a range of global factors – from weather events to energy prices – that will have an impact on the cost of producing food and drink. “The best way to mitigate against this is the government doubling down on its growth agenda. There’s currently an untapped £14billion growth opportunity for UK food and drink manufacturers which can be achieved through productivity gains and investing in technology. “Working with industry through its Industrial Strategy, the government can unlock this growth opportunity, helping keep prices low for consumers while generating good quality jobs in communities across the UK.” The price of food on the shelves shot up when the cost of living crisis was at its height, with official figures showing the inflation rate specifically for food and non-alcoholic drinks reached a high of 19.2 per cent in March last year. The rate has fallen significantly since then but is now creeping back up, and food and drink inflation rose from 1.3 per cent in September to 1.9 per cent last month. But experts warn price increases could continue, partly due to global increases in the cost of basic commodities such as vegetable oils, wheat and sugar. The Food and Agriculture Organisation of the United Nations says prices rose 5.5 per cent over 12 months, with vegetable oil up 7.3 per cent. Global wheat prices have been hit by poor weather and the ongoing war in Ukraine . In addition, regulator Ofgem last week announced the cost of energy is to rise again, which will hit energy-intensive industries such as food manufacturing. And manufacturers will be hit by the same cost increases affecting retailers, including an increase in employers’ National Insurance contributions and a major increase in the minimum wage, up 6.7 per cent, from £11.44 per hour to £12.21 from April 2025 for people over 21. A letter to Chancellor Rachel Reeves signed by representatives for firms such as Tesco, Sainsbury’s, Asda and Morrisons last week warned: “The sheer scale of new costs and the speed with which they occur create a cumulative burden that will make job losses inevitable, and higher prices a certainty.” Research by charity the Food Foundation shows that food prices are still 25 per cent higher than two years ago and a basket of basic food products that would have cost £40.99 at a supermarket checkout in April 2022 would now cost £51.51.BARCELONA, Spain (AP) — Celta Vigo gave 10-man Barcelona a shock by scoring two late goals and snatching a 2-2 draw at home in the Spanish league on Saturday. Barcelona was minutes away from a win to pad its league lead after Raphinha and Lewandowski had put Barcelona in control. But the game dramatically swung after Barcelona defensive midfielder Marc Casadó was sent off with a second booking in the 81st. Moments later Jules Koundé’s poor control of a ball in his area allowed Alfon González to pick his pocket and give the hosts hope in the 84th minute. Celta poured forward at Balaidos Stadium and Hugo Álvarez rifled in the 86th-minute equalizer with Barcelona unable to mark the extra man. AP soccer: https://apnews.com/hub/soccerFTI Consulting, Inc. (NYSE:FCN) Position Increased by Caprock Group LLC
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Brookfield Infrastructure Co. (NASDAQ:BIPC) Position Boosted by Natixis Advisors LLCANCHORAGE, Alaska--(BUSINESS WIRE)--Dec 19, 2024-- Cook Inlet Region, Inc. (CIRI), an Alaska Native regional corporation, announced the purchase of OSC Edge (OSC), a leading provider of IT engineering, integration and testing and data management services to government and private-sector businesses. “I applaud the Board’s decision to move forward with this acquisition. It reflects our shared commitment to growth, innovation and creating long-term value for our Shareholders,” CIRI CEO Swami Iyer said. Founded in 2008 and headquartered in Atlanta, Georgia, OSC Edge provides expert solutions in Enterprise IT to the government and commercial organizations. OSC’s staff, comprising over 300 team members spanning 27 U.S. states, multiple countries, and 3 continents, is committed to providing the highest quality IT engineering, integration and testing, and data-management services. OSC Edge is a graduated 8(a) company. As a CIRI subsidiary, OSC will gain access to new networks, enhanced operational capabilities and the potential for increased scalability, positioning the company for greater success in a competitive environment. Co-founder Tiffany Bailey will remain as OSC’s president and CEO. “I’m incredibly excited about this new chapter and the opportunities that come with being part of the CIRI family,” Bailey said. “This acquisition marks a significant milestone for our company and I truly believe it will fuel our growth and success.” OSC adds to CIRI’s diverse and strategic business portfolio that currently exceeds $1 billion in assets. The acquisition aligns with CIRI’s long-term business strategy. Cook Inlet Region, Inc., also known as CIRI, is one of 12 land-based Alaska Native regional corporations created pursuant to the Alaska Native Claims Settlement Act (ANCSA). CIRI’s regional boundaries roughly follow the traditional Dena’ina territory of Southcentral Alaska. CIRI was incorporated on June 8, 1972, and is owned today by a diverse group of more than 9,400 Shareholders who live in Alaska and throughout the world. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219707075/en/ CONTACT: Lori Nelson 907-263-5131 media@ciri.com KEYWORD: ALASKA GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY SECURITY OTHER TECHNOLOGY PUBLIC POLICY/GOVERNMENT SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT OTHER POLICY ISSUES SOURCE: Cook Inlet Region, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:30 PM/DISC: 12/19/2024 04:30 PM http://www.businesswire.com/news/home/20241219707075/en5 Siouxland boys basketball teams, players and storylines to watch in 2025None