2023-11-01 13:27:40
It’s a symbol: 1 billion euros in turnover. In a year, OVHcloud might reach this milestone. Not bad for the company that Octave Klaba created in 1999 while he was still a student! When announcing its annual results, the “cloud” giant with its 37 data centers, whose stronghold is Roubaix, posted 897 million euros in turnover. We can applaud…
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#Roubaisian #OVHcloud #approaching #billion #euros #turnover #rise #slowing
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BUSINESSES
Cyberattacks: the CSIRT, cyber “paramedics”, urgently called dozens of times a week
written by Alexandra Hartman Editor-in-Chief
2023-10-30 14:24:40
“From one day to the next, we were no longer able to work…” Testimonies like that of this boss of a mechanical company, victim of a cyberattack, Jacques El Ahmar hears a lot. And more and more. “We have daily requests. And the recent geopolitical context has seen an increase in attacks. About ten per day. The threat is real…
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#Cyberattacks #CSIRT #cyber #paramedics #urgently #called #dozens #times #week
Carlos Ghosn Evicted: Former Renault-Nissan Boss Forced to Leave Lebanese Residence
written by Alexandra Hartman Editor-in-Chief
2023-10-28 17:26:41
A Lebanese judge has ruled to evict Carlos Ghosn from his residence in the Lebanese capital, regarding four years following an investment firm first accused him of “trespass”.
The former boss of Renault-Nissan and his wife will have to “evacuate the property […] within one month »according to a copy of the decision, dated October 16, which theAFP.
Ghosn in Lebanon since 2019
Carlos Ghosn, who found refuge in Lebanon at the end of 2019 following his incredible flight from Japan where he was the subject of legal proceedings, appealed the expulsion decision this Friday.
The luxurious residence located in an upscale area of the Achrafieh district has an estimated value of $19 million and is registered in the name of the Lebanese company Phoinos, said the judicial official cited by the press agency.
“Violation of private property”
Phoinos initiated legal proceedings in 2019 and accused Carlos Ghosn of “violation of private property and residence in the property without legal basis”.
According to the court document, Carlos Ghosn claimed that the company was affiliated with Nissan, that “the property had been purchased […] for his residence, and that there was an agreement signed with Nissan granting him the right to live there”.
He had occupied the property “in accordance with a contractual relationship between Ghosn and Nissan” but the end of this relationship and the plaintiff’s wish to recover the property invalidate “the legal basis” of its occupation, according to this document.
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#Carlos #Ghosn #expelled #Beirut #residence #court #order
2023-10-26 22:06:00
How to mobilize private capital towards Africa? Too few are, particularly in the fight once morest climate change. According to IMF calculations, with the objective of carbon neutrality in 2050, the effort made by the private sector in development economies must double. Concerning infrastructure, there is a shortage of 108 billion dollars each year according to the African Development Bank. On the continent, the private sector is sometimes too cautious to invest.
The private sector must be at the heart of development financing. Everyone seems to agree on this point. Except it doesn’t live up to expectations. Between pandemic, wars, and coups d’état, too much uncertainty or even too much political instability can explain these shortcomings, according to Maktar Diop, president of the International Finance Corporation (IFC), the World Bank’s organization for the private sector .
« This is one of the rare times in African history where you can cross Africa from the west coast to the east coast only passing through countries that are ruled by military regimes. », he notes.
For 2023, Maktar Diop boasts of a 30% increase in IFC’s commitments with companies. Its objective: to make investments less risky by improving guarantee instruments and relying on local banks.
« How to help banks? First to have this connection with the demand. Sometimes they don’t have the appetite for risk, they don’t have the expertise to study this, so we are in the process of putting [en place] “risk sharing” instruments and we signed one of these initiatives with Moroccan banks », he adds.
Call on public development banks
The reform of the global financial architecture initiated this year should make it possible to free up investments. To keep the building going, institutions such as the European Investment Bank (EIB) finance, among other things, electrification projects in Madagascar.
« One way to finance more projects is to use public development banks like the EIB to bring in more private investment. », underlines its vice-president Ambroise Fayolle. “ If with one euro of public money, you manage to have 10 euros of investments, while you might finance two euros of public investment, you have in total done for the cause of the environment in Africa. »
The other project pointed out by private investors is the slowness of the files, as explained by Orso Vesperini, deputy general manager of the French group NGE, specializing in infrastructure works.
« All the investments that are voted for and granted to Africa are not used for the sake of time needed to process the files. “, tell Orso Vesperini. “ We actually have water tower files – I won’t tell you where – on which we have already been working for three years, where we had favorable agreements, but which ultimately did not see the light of day. »
A time for examining cases that is incompatible with the needs of Africa, according to him.
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#private #sector #called #Africa