Month: September 2023

dnata to cut CO2 emissions by 80 per cent in the UAE

Air and travel services provider dnata has taken steps to reduce its environmental footprint across its operations in the UAE. dnata’s group brands dnata Logistics, Arabian Adventures, Alpha Flight Services and City Sightseeing have switched their vehicles to operate using a biofuel blend. dnata says that the move will save 80 tonnes of Carbon Dioxide (CO2) emissions per year, equivalent to over 320,000km driven by an average petrol-powered car. dnata Logistics has switched 31 of its trucks to run on a biofuel blend at its Dubai-based hub. Providing multimodal freight…

Energy Investment Village 2023 Finalists Announced

JOHANNESBURG, South Africa, September 15, 2023/ — Africa’s boldest and most ambitious cleantech start-ups will take part in the Energy Investment Village (https://apo-opa.info/468SsAw), an exciting deal-pitching event at the Green Energy Africa Summit (https://GreenEnergyAfricaSummit.com), to be held in the heart of South Africa’s Cape Town on 10-11 October at the CTICC2. Held under the theme, “Unlocking Africa’s Sustainable Energy Potential,” the Green Energy Africa Summit (GEAS) will provide unrivalled opportunities throughout its two-day programme for the continent’s leaders in energy, finance, and social development, to meet with international investors, to…

President Ramkalawan attends official opening of G77 and China Summit in Cuba

16 September 2023 | Foreign Affairs Havana, Cuba 15 September 2023: The President of the Republic of Seychelles, Mr Wavel Ramkalawan joined fellow leaders of the Group 77 and China Summit of Heads of State and Government currently taking place in Havana Cuba. The two-day summit is taking place under the- guided theme “Current Development Challenges: The Role of Science, Technology and Innovation. ” The official opening ceremony was held on Friday morning (15th September), where President Ramkalawan was formally welcomed at the International Conference venue by the President of…

EDITORIAL COMMENT

To issue international sovereign bonds, financial markets require countries to have a credit rating from at least one or more of the three leading international credit rating agencies (CRAs) namely, Fitch, Moody’s and Standard & Poor’s (S&P). This constitutes a minimum requirement for capital market borrowing by market regulators, as adherence to international best practices of information disclosure and to reach out to a wider base of potential investors. The Financial and economic cost implications for Africa emanating from subjective credit ratings by international rating agencies(CRAs) has since left some…

African Union plans to launch its own credit ratings agency

FINANCIAL SERVICES African Union plans to launch its own credit ratings agency Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya Reuters Images The agency, which would craft its own assessment of the risks in lending to African countries Libby George, Reuters News September 12, 2023 ECONOMYAFRICAFINANCIAL SERVICES The African Union plans to launch a new African credit rating agency next year to address the group’s concerns that ratings given to countries on the continent…

About Tamale Drug Abuse Menace and Court Trial Incident

One of the Northern region’s development oriented organizations, the Dagbon Forum(DF), has appealed to the Chief Justice to intervene so as to ensure that, the on-going trial of a suspect for allegedly dealing in drugs at the Tamale Circuit Court, is not unduly delayed. This, DF noted, is in view of the recent sad incident that occurred at the court premises during the recent sitting on the case resulting into people sustaining injuries. It also took cognizance of what negative implications in adjourning a case without giving a definite date…

Message from Rugby Africa President Herbert Mensah to South Africa’s Springbroks amidst the 2023 Rugby World Cup

CAPE TOWN, South Africa, September 10, 2023/ — As South Africa prepares for their opening game today, Herbert Mensah, the newly elected President of Rugby Africa, (www.RugbyAfrique.com), the continental governing body of rugby across Africa, issues letter addressed to Mark Alexander, President of the South Africa Rugby Union: A warrior fights with courage, not with anger. African proverb From the four (plus) corners of the greatest continent in the World, AFRICA We wish You, The Springboks well. We stand by You as we love, respect and honour You and with all…

Dagbon delegation signs condolence book for late Ga Manye

A delegation from Dagbon, sent by the King of Dagbon, Ya Na Abubakari II, has signed the book of condolence opened in memory of the late Ga Manye, Naa Dedei Omaedru III. The delegation presented items including schnapps, 20 boxes of water, and 2,000 Ghana cedis (GH₵2,000) towards the funeral. The late Ga Manye, Naa Dedei Omaedru III, passed away in December last year and burial rites are expected to commence on October 23. The Paramount Chief of Sing in the Kumbungu District in the Northern Region and Leader of…

AFRY is again awarded with the highest Platinum level in EcoVadis Sustainability rating

By:Mohammed A. Abu AFRY has once again received the highest Platinum rating in EcoVadis’ global sustainability and social responsibility rating an  official source disclosed in Stockholm,Friday. With a total score of 79 out of 100 AFRY is placed among the top 1 percent of all assessed companies in sustainability performance in EcoVadis rating. EcoVadis is the world’s largest and most trusted provider of business sustainability ratings. The assessment examines performance across 21 indicators in four themes: Environment, Labour & Human Rights, Ethics and Sustainable procurement. The methodology is built on…

Islamic Banking Kicks Off In Uganda As BoU Issues 1st License To Salaam Bank Ltd

By Frank Kamuntu Uganda’s central bank has issued its first Islamic banking license since the country passed legislation to accommodate Shariah-compliant finance activities in June. The license went to Salaam Bank Ltd., a unit of Djibouti-based Salaam African Bank, the Bank of Uganda said in a statement Friday. The adoption of Islamic finance, which doesn’t allow the charging of interest, could unlock significant growth in East Africa’s third-biggest economy by attracting customers who have avoided traditional lenders on religious grounds. Shariah-compliant assets are among the world’s fastest-growing financial instruments and…