Angola’s oil and gas industry can thrive alongside its rich Biodiversity

by Verner Ayukegba Angola can balance environmental protections with ongoing hydrocarbon exploration, just as is foreseen by its constitution Last month, reports that Angola was drafting legislation to permit oil, gas and mining activities in 14 national conservation areas, including the Luengue-Luiana National Park, which represents part of the Kavango-Zambezi Transfrontier Conservation Area stretching across Angola, Namibia, Botswana, Zambia and Zimbabwe led to protests by environmentalist groups. Local environmentalists were outraged, likely weary of test drilling that had begun days […]

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Clean Mining Gains Foothold in Mozambique

photo Clean Mining Gains Foothold in Mozambique (By Grace Goodrich)

The mining sector in Mozambique is in the midst of transformation, as it realigns with the clean energy transition by harnessing precious minerals required for the production of electric vehicles and lithium-ion batteries In addition to sizable gas reserves found offshore, Mozambique is home to commercially significant deposits of coal, gold, graphite, ilmenite, iron ore, titanium, copper, tantalum and bauxite, to name a few. While COVID-19 may have disrupted mining operations in terms of site closures and reduced export earnings, […]

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African Energy Chamber’s – Energy Transition Committee Advocates for a Unique Energy Mix for African Countries

The Committee’s discussion unpacked the complex intertwined issues around energy production, access to energy, energy poverty and global equity The African Energy Chamber’s (www.EnergyChamber.org) Energy Transition Committee held its first meeting of the year, to discuss the pressing issues surrounding the global trend towards energy transition, from the viewpoint of African countries. The energy transition phenomenon has gained significant traction as a direct result of the coronavirus shutting down economies and growing concerns for the devastating effects of climate change. […]

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Ford Invests $1 Billion (R15.8) to Modernize, Expand South African Manufacturing for All-New Ranger

• New advanced technologies and systems will modernize and grow the Ford Silverton Assembly Plant to support expanded production of the all-new Ranger pickup truck, starting in 2022 • Ford will hire an additional 1,200 team members to support expanded production, bringing its workforce in South Africa to 5,500 employees. The investment also will create an estimated 10,000 new jobs across Ford’s local supplier network • A US$686 million (R10.3 billion) investment in technology, upgrades and new facilities at the […]

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EU boosts sustainable cocoa production in Côte d’Ivoire, Ghana and Cameroon

The European Union will contribute €25 million to enhance the economic, social and environmental sustainability of cocoa production in Côte d’Ivoire, Ghana and Cameroon who are, respectively, the first, second and fifth biggest cocoa producers, generating almost 70% of the world production. This funding strengthens the partnership between Team Europe (composed of the EU, its Member States, and European financial institutions) and the three cocoa producing countries and aims at ensuring a decent living income for farmers, halting deforestation and […]

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UNCTAD Secretary-Genral Kituyi wins award for promoting intra-African trade

UNCTAD Secretary-General Mukhisa Kituyi today won an award for his tremendous contribution to the conceptualization, development and launch of the African Continental Free Trade Area (AfCFTA), under which trading commenced on 1 January. The AfCFTA created the world’s largest free trade area, a $3.4 trillion market that will ease trade across borders for the continent’s 1.3 billion people. It will also promote industrialization, create jobs and improve the competitiveness of African industries on the global stage. Dr. Kituyi was recognized […]

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African Continental Free Trade Area – AfCFTA Facts

Signatories: 54 out of 55 African Union Member StatesRatifications: 31 African Union Member States AfCFTA negotiations launched: 15 June 2015, Johannesburg AfCFTA Treaty signature: 21 March 2018, Kigali Formal entry into force: 30 May 2019 Operationalisation phase launched: 7 July 2019, Niamey Trading under the AfCFTA expected to commence on: 1 Jul 2020 Negotiations coordinated by: African Union Commission, Department of Trade and Industry Geo coverage: Africa Union and its Member States. The AfCFTA complements existing regional trade agreements in […]

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