Category: ENVIRONMENT

12th Edition of Annual Investment Meeting Closes on a Positive Note

AIM attracted 10,313 visitors from 175 countries, who engaged in 281 sessions featuring 693 speakers Abu Dhabi, United Arab Emirates, May 25, 2023: The 12th edition of the Annual Investment Meeting 2023, held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, came to a grand close, after three days of insightful discussions, engaging exhibitions, and fruitful networking sessions. This year’s theme “The Investment Paradigm Shift: Future Investment Opportunities To Foster Sustainable…

New Funding Mechanism Initiated for Indigenous and Local Community Women in Central Africa to Achieve 30×30 Goals

BRAZZAVILLE, Congo (Republic of the), May 15, 2023/ — More than 200 participants from 20 countries gathered in Brazzaville, Republic of Congo (RoC) last week for the First Forum of Indigenous and Local Community Women in Central Africa and the Congo Basin. The forum was organized by the Network of Indigenous Peoples and Local Communities for the Sustainable Management of Central African Forest Ecosystems (REPALEAC) with support from the Rights and Resources Initiative (RRI) and the Central African Forest Commission (COMIFAC) under the patronage of RoC’s Minister of Justice, Human…

Benin, Côte d’Ivoire to premier African Development Bank’s African Green Bank facilities

The African Green Bank initiative was conceived as part of measures to facilitate access to global finance from the current 3% to 10% annually by 2030 ABIDJAN, Ivory Coast, May 15, 2023/ — The African Development Bank (www.AfDB.org) is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI). As Africa’s premier development…

Using Science to Cope with Climate Change Impact Challenges

WATEX system set to fish out Africa’s hidden Groundwater Goodies …. As RTI Exploration Drives the “Water for Peace” Paradigm   Story: Mohammed Abu  In March this year, the Representative of Public Affairs and Congress of the US Millennium Challenge Corporation(MCC) publicly announced that the French company RTI Exploration, after two years of research, had identified, from an innovative technology, about 50 billion m3 of available groundwater, with an annual recharge estimated at 2 billion m3. This, historic discovery represents a volume of water almost ten times greater than that…

Annual Investment Meeting Signs MoU with Gold Standard to promote dialogue for sustainable development

Abu Dhabi, United Arab Emirates, 11 May 2023: The Annual Investment Meeting (AIM), one of the world’s largest investment platforms, and Gold Standard, a climate and development organization, have signed a Memorandum of Understanding to promote dialogue for sustainable development at the 12th edition of the conference, which ended its three-day run yesterday, May 10, in Abu Dhabi. The partnership with Gold Standard will further AIM’s commitment to sustainable development by having Gold Standard retire carbon credits to offset the emissions generated by the event’s venue, with a maximum limit…

The Metals Company Loses Second Major Investor as Maersk Divests

  (Ottawa/Victoria, May 8, 2023) Bad news mounts for the floundering would-be miner The Metals Company (TMC) with The Wall Street Journal reporting the divestment of Danish shipping company Maersk. This follows the divestment last December by Norway’s largest private asset manager, Storebrand. Formerly TMC’s second biggest shareholder, Maersk informed the newspaper that it now holds an interest of less than 2.3% in TMC and is in the process of selling all its shares. Andy Whitmore, Deep Sea Mining Campaign’s (DSMC) Finance Advocacy Officer stated, “TMC frequently cited its relationship with Maersk, presumably to…

Green Entrepreneurship: A Key Driver for Competitiveness and Sustainability Highlighted at the Annual Investment Meeting’s Entrepreneurs Investment Summit

The Summit discussed new strategies and opportunities in green investment for entrepreneurs  Abu Dhabi, UAE, 9 May 2023 The Entrepreneurs Investment Summit opened its doors to industry leaders and experts from around the world to discuss new strategies and opportunities for investment. Held at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Entrepreneurs Room located at the Abu Dhabi National Exhibition Centre, The Summit witnessed a range of distinguished speakers who shared their thoughts and insights on the subject. The forum commenced with…

Mensha Ventures signs a Memorandum of Understanding (MoU) with its strategic partners from China to to bolster the UAE’s sustainable capabilities

The company also signed a MoU with Asian Development & Investment Bank (ADIB) to launch their new Green Tech Fund Abu Dhabi, UAE, 9 May 2023:  Mensha Ventures, signed a Memorandum of Understanding (MoU) with its strategic partners from China, including the Asia Development & Investment Bank, Hoover Investment Group and Shenzhen Sinomaster Investment Group (SMT), to jointly invest $1 billion in green energy infrastructure projects in the region. The MoU was signed on the sidelines of Annual Investment Meeting which runs in Abu Dhabi. The primary objective of this…

Addressing the Renewable Energy Storage Conundrum

Regenbiomass US, Offers “Aquifer Pumped Storage Hydropower” Game Changer Technological Solution For Mitigating Battery Storage Challenges Story: Mohammed Abu The South Africa based, Africa Energy Chambers has since taken serious exception to the call made by some environmentalists for an abrupt halt to fossil fuel exploration and a switch over to renewable energy production and utilization in Africa. The Chamber has made unequivocal statements relating to Africa’s determination to chart an independent self-paced energy transition course as it’s fair to her development needs and would therefore continue exploring the continent’s…

”How Nigeria Could Turn Climate Change into Economic Opportunity”-Prof Okereke

The ongoing effort to stem the negative impact of climate change presents Nigeria with unique opportunities to boost its economy and improve electricity supply through renewable sources, expert on climate change issues, Professor Chukwumerije Okereke has said. Okereke who is the Director, Centre for Climate Change and Development, CCCD, Alex Ekwueme Federal University, Ndufu-Alike, stated this in Abuja at the award ceremony for the winners of the second National Essay Competition titled ‘Climate Change and Nigeria’s Economic Development: A letter to Mr. Incoming President’. Prof. Okereke said the essays written…