news and current affairs.
Red tape chokes Africa’s green power, mid-sized projects stall
Renewable energy deals across Africa keep getting killed by financing setups that only work for massive builds, and everyone at this investor forum in Rabat keeps saying the same thing. ACWA Power exec Hashim Ghabashi pointed out that slapping the same requirements on a 30 megawatt project that you use for a 1,000 megawatt behemoth makes zero sense, and sometimes advisor fees alone eat up 40 percent of total costs because nobody bothered adjusting the rulebook. Tom Longmuir from Ashurst talked about how even solid projects crater when utilities can't actually pay their bills, and everyone agreed that multilateral guarantees are the only way private money shows up. The continent pulls in just 2 percent of worldwide green investment...
Africa’s energy dreams dim, investor fears linger over weak utilities
Energy investors trying to make moves in Africa keep running into the same BS, according to Nkem Onwuamaegbu from the Multilateral Investment Guarantee Agency, and she laid it all out at a forum in Rabat. Basically, the regulatory environment stays unpredictable, and most public utilities have garbage balance sheets that scare off anyone trying to finance long-term power builds. MIGA backs projects against stuff like contract breaches, currency transfer blocks, and political chaos to get lenders comfortable enough to actually move money. The World Bank crew rolled out this new Guarantee Platform that bundles all their protection products under one roof to speed things up, and they want African governments plugged into it. Onwuamaegbu...
Africa’s solar boom stalls, project delays overshadow big wins
Renewable energy rollouts across Africa keep getting wrecked by supply chain nightmares and red tape that drag projects way past their deadlines. Hussain Al Nowais from AMEA Power told a panel in Rabat that port jams, customs delays, and sluggish development finance institution approval processes add months and huge costs to clean energy builds. He said these headaches frustrate both developers and governments, even though Africa has 60 percent of global solar resources and strong wind potential. AMEA Power is about to flip the switch on a 1,000 megawatt solar plant in Egypt with 800 megawatts of battery storage attached, which Al Nowais called the kind of scale Africa actually needs. He pushed for better training inside regulatory...
Zimbabwe trims 2% tax, business relief tied to strict rules
Zimbabwe just tweaked its 2% transaction tax instead of killing it completely like business groups wanted, and Finance Minister Mthuli Ncube dropped the rate on local currency deals to 1.5% while keeping the US dollar levy at 2%. The government is letting companies write off the tax as a business expense if they stay current with their returns and payments, plus they expanded coverage to microfinance institutions. Business lobbies have been screaming about how the tax crushes formal operations and pushes everyone into the informal economy, but Ncube said the levy brings in 8% of total tax revenue, and they can't just dump it. The changes kick off next year and will cost the government about $89 million annually in lost revenue, but...
Ethiopian Airlines mega airport lands, $12.5b bid to link Africa
Ethiopian Airlines is dropping $12.5 billion on a massive new airport that should handle 110 million people yearly when it's done, and the CEO Mesfin Tasew Bekele says a Chinese bank already threw in $500 million, with the African Development Bank matching that. The current Addis Ababa airport is basically cooked after six decades, and congestion is about to hit hard as the airline keeps growing at double-digit rates every year. The new spot sits about 40 kilometers outside the capital, and phase one will handle 60 million passengers before they scale up. Bekele pointed out that the African Continental Free Trade Area needs solid air transport to actually work since most high-value goods on the continent move by plane, but...
Gold surge lifts mineral earnings, miners brace for new hurdles
Zimbabwe's mining sector is on track to hit $7 billion in earnings by year-end and should climb to $7.5 billion next year, with gold and platinum group metals carrying most of the weight. Gold deliveries are expected to reach 45 tonnes as prices spike over 50% to about $4,160 per ounce, and forecasts suggest it could jump to $4,900 soon. The Chamber of Mines bumped up its original projections after seeing how hard miners are cashing in on the rally. Mining execs are actually pretty optimistic about commodity prices improving, but they're getting nervous about everything else. The government keeps squeezing harder on taxes and revenue collection through Zimra, and power cuts are forcing companies to dump more cash into backup energy...
E-NoiseGate600 debuts, tight gating meets slick controls
Windows-G just dropped E-NoiseGate600, a noise gate plugin built for REAPER that handles everything from cleaning up recordings to ducking vocals. The thing runs on JSFX and can do rhythmic gating plus gated reverb effects with exponential attack and release curves that keep everything smooth. It works with both main input and sidechain input modes, and there's lookahead up to 20 milliseconds to keep your transients intact. The plugin packs high-pass and low-pass filters you can tweak to stop random frequencies from triggering the gate, and it switches between Peak mode for drums and RMS mode for sustained sounds. You get threshold, hysteresis, hold, and range controls for dialing in exactly how the gate behaves, plus a GUI with meters...
Granite update polishes sound, smoother grains, and a sleeker look
New Sonic Arts just patched Granite to version 1.6931, and the biggest thing is they added this grain double-buffering trick that cuts down on clicks and glitchy sounds. The granular texture generator also got trackpad support for MacBooks, so you can scroll through waveforms sideways, and the metadata editor for presets and samples remembers how big you had the window last time you used it. They also gave the setup and metadata dialogs a visual refresh and fixed some bugs with the preset menu when you have expansion packs installed. The plugin is marked down to 59 quid from 89 during their Black Friday thing, and anyone who already owns it can grab the update for free from the user area.
Sonuscore LUX Strings tuned up, free update boosts legato flow
Sonuscore dropped a patch for their LUX Orchestral Strings library that tackles the laggy legato engine everyone was griping about. The devs went back and tweaked the delay timings to make the whole thing snappier, and they beefed up how the Transition Speed parameter actually responds when you're playing live string parts. They also cleaned up the browser workflow and squashed a bunch of stability bugs. The fixes cover random stuff like a busted dynamic layer patch, weird slow bend behavior, and the Volume curve preset menu not showing Custom after edits. They also sorted out the 8va button for the Celli ensemble patch and killed off some hanging notes that happened when people used the sustain pedal. Existing users can grab the...
Top