Author name: Godswill Odiong

Arab Coordination Group pledges US$50 billion for African development

Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent. The announcement was made by the Islamic Development Bank (www.IsDB.org) President, […]

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HEOSL Reiterates Commitment to Nigerian Content Development

Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has reiterated its commitment to the development of Nigerian Content. Chief Executive officer, Ado Oseragbaje, gave this assurance during a courtesy visit to Engr. Simbi Wabote, the

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Yara International ASA Announces Strategic Divestment in Ivory Coast

Yara International ASA (https://www.Yara.com/), a global leader in crop nutrition, announced today the divestment of its fertilizer import and distribution subsidiary in Ivory Coast. Recognizing the ever-evolving challenges in the global food industry, Yara has undertaken a thorough analysis of its operations, considering market dynamics, regulatory environment, and strategic growth opportunities. This evaluation has led

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Africa Day for Food and Nutrition Security: Zambian underscores role of grey matter infrastructure

African Leaders for Nutrition (ALN), a platform for high-level political engagement to advance nutrition in Africa, has joined two crucial forums for advancing policy dialogue on agriculture and nutrition in Africa. ALN representatives attended the commemoration the 14th Africa Day for Food and Nutrition Security (ADFNS) and 19th Comprehensive Africa Agriculture Development Programme (CAADP) Partnership

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MARITIME: MSC POESIA propeller entangled in mooring line in Greece

By Our Correspondent A propeller of cruise ship MSC POESIA was entangled in her mooring line during unmooring in the afternoon November 4, 2023, when the ship with 2577 passengers on board was to leave Piraeus Greece, according to FleetMon. It stated: “Propeller was cleared, but she was detained until completion of due inspection and

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Finance & Government Panel to Shed Key Insights at MSGBC Oil, Gas & Power 2023

MSGBC Oil, Gas & Power 2023 (https://apo-opa.info/3MsnA6A) is set to host two days of discussions on November 21-22 in Nouakchott, including a highly anticipated session on the role of finance and government in scaling investment opportunities in Africa’s new energy frontier. The panel will explore the role of government policies and incentives in creating a

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MCB Capital Markets advises EnVolt on its inaugural Green Project Bond issue

MCB Capital Markets, the Investment Banking, Asset Management and Principal Investments arm of MCB Group (www.MCBGroup.com), has advised EnVolt on its inaugural issue of MUR 510m (USD 11 million) Green Project Bonds under its MUR 2 billion (USD 45 million) Multicurrency Green Bond programme. EnVolt, the renewable energy development arm of ENL Group (“ENL”), a

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350.org and Local Groups Kick Off Global Month of Action to Call for Shift to Renewable Energy

Starting November 3, 350.org (https://www.350.org) together with grassroots groups and communities across Africa and around the world will participate in over 200 actions in 46 countries that will kick off a global month of action to call for a renewable energy revolution and an equitable shift away from fossil fuels. The actions are part of

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

African Energy Chamber Celebrates Panoro Energy’s Hibiscus South Oil Discovery

Independent E&P company Panoro Energy has made a sizeable oil discovery at the Hibiscus South well (DHBSM-1), located on the Dussafu Marin Permit in Gabon. The Hibiscus South discovery, with preliminary estimates of between six to seven million barrels of recoverable volumes, marks a pivotal moment in the country’s energy sector, and the African Energy

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NNPC LTD. WORKING WITH NEITI, OTHER STAKEHOLDERS TO RECONCILE NEITI’S 2021 REPORT

The Nigerian National Petroleum Company Limited (NNPC Ltd.) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Ahmed Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both NNPC Ltd. and the

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