March 29, 2024

INTERNATIONAL

New Report by KPMG, FAB, ITFC Identifies Transformational Role Financial Institutions Play in Accelerating GCC Food Security and Climate Goals Globally

With the global population set to reach 9.8 billion by 2050, communities and ecosystems are facing enormous resource challenges. A recent report by KPMG Lower Gulf (https://KPMG.com/), First Abu Dhabi Bank (FAB) (https://www.BankFAB.com/), and the International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-idb.org/), titled Harvesting Resilience, Leveraging Finance for Food Security and Climate Resilience (https://apo-opa.co/3t8xGTM), shows […]

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African Development Bank appoints Gauthier as Director and Special Advisor in the Office of the President

COP28: AfDB President invites business leaders to invest in Africa to accelerate decarbonization

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai. “Africa is a very reliable destination for investment,” since the continent has a “dominant position in terms of

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Southern Africa’s Frontier Energy Developments to be Unpacked at IAE 2024

Southern Africa’s Frontier Energy Developments to be Unpacked at IAE 2024

Southern Africa’s Frontier Energy Developments to be Unpacked at IAE 2024   Frontier developments in the southern African region will be on display at the upcoming Invest in African Energy (IAE) 2024 forum in Paris, connecting European investors with Africa’s leading projects. The region is home to several new and emerging energy markets — namely,

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COP28: European Investment Bank to co-finance climate action projects with the Brazilian Development Bank

European Investment Bank (EIB) (EIB.org) Vice-President Ambroise Fayolle and President of the Brazilian Development Bank (BNDES) Aloizio Mercadante signed a memorandum of understanding today at COP28 in Dubai, to explore co-financing opportunities in the renewable energy, environment and social sectors in Brazil, including in the Amazon region. The memorandum of understanding will strengthen coordination between

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COP 28: EIB Global co-signs Joint Declaration on the Just Transition Investment Platform for North Macedonia

The declaration brings together partners to help the country mobilise investments, policy support and technical assistance to accelerate the energy transition and meet its climate and development goals; EIB Global (https://www.EIB.org) will help accelerate its implementation through enhanced technical support and financing; in 2023, the Bank has invested over €100 million to support green projects

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African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy

OPINION: Leapfrogging Is Not the Quick Energy Fix the World Seems to Think It Will Be

By NJ Ayuk As the hottest year ever recorded draws to a close, climate change is passing from theory to reality and gaining ever-increasing urgency in statehouses around the world. The goal of achieving net zero CO2 emissions worldwide by 2050 is widely agreed upon by climate experts as necessary to avoid irreversible changes in

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DRUG TRAFFICKING: Cocaine worth $26.5ms seized from Port in India

DRUG TRAFFICKING: Cocaine worth $26.5ms seized from Port in India

DRUG TRAFFICKING: Cocaine worth $26.5ms seized from Port in India   By Our Correspondent Twenty-two suspicious packets were discovered within a crane aboard the vessel ‘MV DEBI,’ which was anchored at the Pradeep International Cargo Terminal in Odisha, India, according to FleetMon. It stated: “The estimated market value of the confiscated material is approximately $26.5

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Tanzania: Bank operations produce results beyond expectations — Country Strategy Paper

The African Development Bank’s (www.AfDB.org) Country Strategy Paper (CSP) for Tanzania has been implemented over the last two years with the programmed operations during the period producing results that exceed expectations, according to the mid-term review of the CSP 2021-2025 (https://apo-opa.co/3sFaSLg) published on 9 November. The rate of access to drinking water in the project

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African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy

OPINION: The Developed World’s Broken Promises: How Can Africa Finance the Energy Transition?

By NJ Ayuk From an African perspective, one of the most important things to come out of COP15, the 2009 United Nations Climate Change Conference in Copenhagen, was the formal recognition of the fact that lower-income countries were not in a position to bear as much of the cost of the energy transition as their

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Angola Declines the Organization of the Petroleum Exporting Countries 2024 Production Quota

Angola, a prominent African oil producer and a key member of the Organization of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024. Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirmed the nation’s decision, signaling a divergence from OPEC’s suggested allocations for both member and

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