Thirty African Heads of State and Government have committed to concrete reforms and actions aimed at expanding access to reliable, affordable and sustainable electricity. This initiative is designed to power economic growth, improve the quality of life, and create jobs across the continent. The leaders pledged their commitment in a declaration during the just concluded…
The African Development Bank (AfDB) has reiterated its commitment to invest $2 billion in the development of the Lake Chad Basin. Dr. Akinwumi Adesina, AfDB President, disclosed this on Wednesday at the 5th Lake Chad Governors’ Forum in Maiduguri. Adesina, represented by Dr. Yaro Balde, Director, AfDB Transition States Coordination Office, said the funds would…
The European Union said it will provide the Democratic Republic of Congo (DRC) with €60 million ($62.6 million) in humanitarian aid. The European Commission announced this on Tuesday, following days of intense fighting in the east of the country. The commission said the funding is meant to support displaced populations in and around Goma and…
The state-owned German energy company SEFE continued to play a central role in the import of liquefied natural gas (LNG) from Russia into the European Union (EU). This is according to the analysis released on Tuesday. A report by Environmental Action Germany and other environmental organisations found that SEFE imported more than six times as…
Mr Gautier Mignot, the European Union (EU) Ambassador to Nigeria, has expressed commitment to strengthen existing partnerships and contract new ones with the Nigerian government. Mignot, who recently assumed his role as EU Ambassador to Nigeria, made the commitment during a media parley on Monday in Abuja. He shared his vision on how to enhance…
The President of the Senate, Godswill Akpabio, says Nigeria is ready to partner Switzerland to ignite innovation, diversify the economy and create opportunities for generations to come. He said this on Monday, when he received the Chairman and members of the Swiss European Free Trade Association (EFTA) who were at the National Assembly on courtesy…
The Mission 300 Africa Energy Summit opened on Monday in Dar es Salaam, Tanzania, with a clarion call by Dr Doto Biteko, Tanzania’s Deputy Prime Minister and Minister for Energy, for more equitable and sustainable energy for the future. Biteko, who delivered the opening remark, said the summit was a catalyst to ongoing National Compact…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened seven pips to 7.1698 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
Dr Akinwumi Adesina, President/Chairman, Board of Directors, African Development Bank (AfDB) Group, has called for urgent action on electrification for Africa to drive its development. He made the call while speaking on “Taking Africa’s Energy Agenda to the Next Level”, at the ongoing Mission 300 Africa Energy Summit on Monday in Dar es Salaam, Tanzania….
How plausible is the target by African heads of states to grant access to electricity to 300 million people by 2030? That is the task before the over 1,000 participants expected at the Mission 300 Africa Energy Summit, which kicks off in Dar es Salaam, Tanzania, on Jan. 27. “It’s a tight journey because 2030…
