INTERNATIONAL

The Republic of Congo reaffirms its steadfast commitment to the strategic policy defined by the Secretary-General of OPEC and OPEC+. It stated: “We strongly support the efforts to stabilize and promote sustainable development of the oil markets, a crucial approach for the future of our sector and the global economy, Bruno Itoua, Minister of Hydrocarbons […]

The Republic of Congo and Nigeria, Africa’s leading oil producers and members of the Organization of the Petroleum Exporting Countries (OPEC), have affirmed their commitment to efforts by OPEC and OPEC+ and its member countries to stabilize the global oil market in 2024 and beyond. During the 36th OPEC and non-OPEC Ministerial Meeting held in

The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA) (www.AfDB.org/SEFA) has approved a $9.72 million grant to scale up the Africa Hydropower Modernisation Programme (AHMP), a one-stop shop that overhauls African hydropower systems to enhance their reliability and flexibility. With this new funding, AHMP will expand the modernisation of a pipeline of 12 private-sector-led

During the India-Africa Forum held in New Delhi in April 2008, an agreement was reached between the Government of India and the African Union (AU) Commission on pan-African projects for the establishment of a regional Barefoot College Training Center in Africa. This was followed by solar energy training for rural women from Burkina Faso in

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) recently concluded its participation at COP28 in Dubai, the United Arab Emirates, where the Bank reiterated its commitment to advancing the continent’s climate goals and sustainable development agenda. Against the backdrop of the official COP28 theme “Transforming climate finance, by delivering on old promises and setting the framework for a

By NJ Ayuk In an era when such futuristic technologies as artificial intelligence, robotics, and quantum computing are here or on the horizon, almost half of sub-Saharan Africans — more than 600 million people — lack the electricity to heat, cool, or light their homes. This energy poverty impedes nearly every aspect of life for

The President of the African Development Bank Group Dr Akinwumi Adesina (www.AfDB.org) has reiterated his warning that the introduction of a carbon border tax by the European Union could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $17.4 million in grants for Sao Tome and Príncipe to shore up the national budget and enhance public service delivery as part of the economic response to support public finance and energy sector reforms following several external shocks. The government will receive

Meeting in Abidjan on 13 December 2023, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $105.19 million to Angola to implement the Agriculture Sector Reform Programme. The programme is intended to strengthen agriculture policy and the business environment to improve food production and contribute to economic diversification. “The

By Eyo Nsima Prof. Hilary I. Inyang, a Visiting Professor, Department of Civil Engineering, Indian Institute of Technology, Bombay (IIT-B), Mumbai, India; and Founding Chairman and Distinguished Professor, Global Institute for Sustainable Development, Advanced Analyses and Design (GISDAAD), Concord, North Carolina, USA, has made a presentation on Approaches to Contaminated Site Remediation at the Indian