Author name: Godswill Odiong

$500m: SERAP asks World Bank to publish documents on funded electricity projects

Strengthening Somalia’s Institutions to Improve Service Delivery to Citizens

The World Bank approved $75 million in financing for the Somalia Enhancing Public Resource Management Project (SERP), which aims to support Somalia as is builds state legitimacy, reduces institutional fragmentation, and strengthens institutions for improved service delivery. The SERP is co-financed by both an International Development Assistance (*IDA) grant and a grant from the Somalia […]

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How Panamax runs aground at Suez Canal

MARITIME: Fallout from Sanctions on Russian Forces Delay of Cruise Ship

By Our Correspondent The Norwegian shipping company, Havila Kystruten was forced to delay the delivery of its third cruise ship, “Havila Polaris” and to cancel its first four sailings, according to FleetMon. It stated: “The company is suffering collateral damage from the sanctions placed on Russian financial institutions. The problems arose back in April after

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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

MARITIME: Equinor invests $1.33bn in Hammerfest LNG Terminal

By Our Correspondent A Norway-based energy company Equinor has invested $1.33 billion in the upgradation of the Hammerfest LNG liquefaction plant, located on Melkoya Island, according to FleetMon. It stated: “The new project, named “Snohvit Future” is intended to install onshore gas compression and electrification of the facility. The compression capability will ensure that there

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Shell, partners lead in PIA implementation – NUPRC

Shell to pay €15m settlement for oil spills in Niger Delta

By Eyo Nsima Shell Petroleum Development Company, SPDC, has agreed to pay €15 million in compensation to communities in the Niger Delta affected by multiple oil pipeline leaks in the country’s Niger Delta region. SPDC, a Nigerian subsidiary of the global oil giant, made this known in a statement on Friday, December 23, 2022. Four

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Kenya’s strides toward eradicating violence against women and girls in elections

One sexual and gender-based violence (SGBV) case was reported to the police during Kenya’s election period, according to the country’s Independent Policing Oversight Authority (IPOA). While this is not the only indicator of a violence-free election – the efforts of state institutions, international development partners and the civil society movement have made important steps to

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AfDB

Tunisia: AfDB Group Board approves $27 million and €10 million loans for Kairouan solar plant

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million concessional financing from the Sustainable

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AfDB

African Union Member States Pledge to Improve Nutrition and Food Security in Africa

African Union Member States meeting in Abidjan have called on governments to speed up investment, coordination and implementation of programs to improve nutrition and food security in Africa. African leaders gathered for a three-day meeting to draw attention to the 2022 African Union Year of Nutrition. The meeting ended with the signing of an “Abidjan

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Congo Takes Lead in Gas Monetization with Second Eni-Led Floating LNG Project

At a time when Africa most needs its oil and gas resources, the Republic of the Congo is taking the lead, driving an ambitious gas monetization agenda led by the Minister of Hydrocarbon, H.E. Bruno Jean-Richard Itoua – who also served as the President of the African Petroleum Producers Organization for 2022 – and national

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South Africa’s Upcoming Licensing Rounds Set to End Loadshedding for Good, Upstream Players Invited to Participate

While environmental activists have sought to restrict South Africa from monetizing its oil and gas resources, the country’s Department of Mineral Resources and Energy (DMRE) has proven resilient and is currently moving ahead with plans to open up key onshore and offshore licensing rounds, in a bid to end chronic loadshedding for good. As the

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Savannah Energy Joins the Extractive Industries Transparency Initiative (“EITI”)

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that it has joined the Extractive Industries Transparency Initiative (“EITI”) in support of EITI’s mission to promote the open and accountable management of oil, gas and mineral resources. EITI is a global standard for the good

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