We Must Take pride in our Oil and Gas Sector and Africa – Never Ever Give Up on Africa

Corporations do need to be held accountable on where they put their dollars By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). I am just a little country boy and I don’t believe we have to be diplomatic about this stuff. I love the Oil and Gas industry and will always stand up for it even when it is unpopular to do so. I don’t care taking the heat for this industry and for the so many Africans that this […]

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African Development Bank invites business enablers to apply for funding to support women entrepreneurs

This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced. Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering […]

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Invest Africa and DLA Piper partner to support ESG best practice in African renewable energy projects

The project will assemble experts from the worlds of impact investment, development finance and law The global law firm, DLA Piper, has partnered with Invest Africa (www.InvestAfrica.com), the leading trade and investment platform for African markets, to support the development of ESG best practice in African renewable energy projects. Clear Environmental, Social and Governance (ESG) targets and measurements have become an increasingly important part of fundraising as investors seek to align their portfolios with sustainable growth. For a continent boasting […]

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Orange leads solar panel deployment across Africa and the Middle East

To avoid using generators that run on fuel (fossil energy that emits CO2), Orange is putting in place several initiatives such as solar panels Orange (www.Orange.com) is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not connected to the electricity grid and when they are, the quality of the grid often requires alternative backup solutions. To avoid using generators that run on […]

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One month until Extreme E’s Ocean X Prix in Senegal

Today marks one month until Extreme E’s second event – the Ocean X Prix – which will take place at Lac Rose in Dakar, Senegal on 29-30 May. Extreme E marks the return of off-road racing to one of its original roots, famous for the gruelling Paris-Dakar Rally which debuted in 1978 but which hasn’t finished in the Senegalese capital since 2007. Alejandro Agag, CEO and Founder of Extreme E, said: “So here we are, just one month until our […]

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The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal’s national electrification and LNG-use ambitions

The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019 MCB (www.MCB.mu) is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership. MCB was not only a co-mandated lead arranger but provided the highest loan commitment. The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of […]

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African presidents and global leaders support bold action on climate change adaptation for Africa

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives. The African Development Bank expects […]

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OPINION: African agriculture is ready for a digital revolution

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by Akinwumi Adesina and Patrick Verkooijen Akinwumi Adesina is president of the African Development Bank. Patrick Verkooijen is CEO of the Global Center on Adaptation.    After a dark 2020, a new year has brought new hope. In Africa, where up to 40 million more people were driven into extreme poverty and the continent experienced its first recession in 25 years, a brighter future beckons as the economy is forecast to return to growth this year. Africa now has an opportunity […]

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