The future of IT & AI

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 In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings  floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these  years, builds reputations on these  platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled  IT engineers helps big compernies to launch their new products. Their projects, some  complex, with tight deadlines, and the clients willing to pay top dollar for the ri...
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Mozambique launches construction of $1 billion power plant, transmission line

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 NEWS

AFRICA
Mozambique's President Filipe Nyusi Picture: Ludovic Marin/Pool via Reuters
Mozambique's President Filipe Nyusi Picture: Ludovic Marin/Pool via Reuters

Mozambique launches construction of $1 billion power plant, transmission line

By Reuters Time of article published May 31, 2021

Maputo - Mozambique on Monday began construction of gas-to-power plant and transmission line projects worth $1 billion in the southern province of Inhambane as the government aims to boost energy supply.

The World Bank is one of the financing partners of the infrastructure projects, alongside the United States, Norway, African Development Bank (AfDB), Islamic Bank and The OPEC Fund for International Development, according statements from the World Bank and the U.S. embassy.

"Today we mark a milestone in the framework of this endeavour to illuminate Mozambique. Our governance aspires that more than 10 million Mozambicans will have access to electricity for the first time in their homes by 2024," Mozambique President Filipe Nyusi said at the launch of the project.

Upon completion, the gas-to-power Temane Thermal Power Plant will have a capacity of 450 megawatts.

"Today, we are witnessing the exceptional beginning of a vision that aims to provide energy for all Mozambicans: this is a transformative project for the country," the representative of the World Bank in Mozambique, Idah Pswarayi-Riddihough, said during the launch.

U.S. Ambassador to Mozambique Dennis Hearne said the United States was supporting the Temane project through a $200 million direct loan for its construction via the U.S. International Development Finance Corporation (DFC).

"In addition, thanks to the support of the U.S. government's signature Power Africa program, we are providing a "transaction advisor" assigned to EDM (Mozambique power utility Eletricidade de Moçambique) to help bring the critical Temane Transmission Line Project to financial close," said Hearne.

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