Urbanization

Water Crisis Worsens as Key African Firm Faces Major Financial Setbacks

3 months ago

In a troubling turn of events for the water supply sector in Africa, a leading company has reported substantial financial losses as multiple cities fail to meet their payment obligations. This situation has raised concerns over the sustainability of water services across the continent and highlights the broader implications of insufficient financial management within municipal structures.

Holcim Divests Nigerian Unit to Huaxin Cement for $1 Billion

4 months ago

In a monumental shift within the global cement market, Holcim, a leading provider of building materials, has announced the sale of its Nigerian subsidiary to Huaxin Cement for an estimated $1 billion. This strategic transaction marks a significant milestone for both companies as they navigate the ever-evolving landscape of the construction industry.

China's Population Decline: A 51 Million Drop Despite Pro-Birth Initiatives

5 months ago

Recent projections indicate that China's population is on the verge of a staggering decline, with estimates suggesting a drop of 51 million people over the next several decades. This alarming trend is a result of various socio-economic factors and ineffective government policies aimed at encouraging childbirth. The implications of this demographic shift present profound challenges for the world's most populous nation, which has long been grappling with the repercussions of its one-child policy era.

Karachi and Dhaka to Absorb Millions of Climate Migrants by 2050

6 months ago

The exacting impact of climate change now extends to the degree whereby studies in recent times have shown clearly that two South Asian metropolises, Karachi of Pakistan and Dhaka of Bangladesh, will face an enormous influx of climate migrants by the year 2050. These climate migrants are mostly rural people who are being pushed out by increased global warming consequences, especially a rise in sea levels and modified weather patterns.