The event also aimed to raise awareness of the Desert to Power initiative and promote strategic investments in solar energy in the Sahel countries. ABIDJAN, Côte d’Ivoire, March 30 , 2023/ — On the sidelines of the Energy Access Investment Forum, held in Abidjan from March 21 to 23, 2023, the African Development Bank ( http://www .AfDB.org ) organized two-day consultations with stakeholders in the mini-grid sector in Africa. Objective: to attract the main actors of the sector in order to discuss the strategy of mini-grids that the bank plans to put in…
Category: ENVIRONMENT
Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate
In an exclusive interview with the African Energy Chamber, Foday B. L. Mansaray, Director General of Sierra Leone’s Petroleum Directorate, spoke on the country’s exploration agenda to develop its hydrocarbon-rich, ultra-deep basins JOHANNESBURG, South Africa, March 27, 2023/ — The African Energy Chamber (http://www.EnergyChamber.org) – the voice of the African energy sector – spoke with Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone, in an exclusive interview on the country’s latest oil and gas developments. These include a fifth licensing round launched last May, ongoing…
Groups List 11 Economic Development Measures To Achieve Net Zero Emissions By 2060
The Society for Planet and Prosperity (SPP), GCA Capital Partners and Climate Advisers Network (Berlin) have listed 11 key measures for Nigeria to achieve net-zero emissions by 2060. Professor Chukwumerije Okereke, an internationally recorgnised scholar, stated this at a news conference on Monday, March 20, 2023, in Abuja. Okereke, who is Director, SPP, said that the 11 measures were adopted out of a long list of 35 measures identified in key policy documents across priority sectors: Agriculture, Forestry and Land Use, Industry and Housing, Oil & Gas, Power, Transport, Waste and…
Decarbonisation of Hospitality Industry Paradigm Gets a Booster
…As Top hotel owners and investors flock to the EEA Summit to discuss the surge in ESG regulation London,UK,March 21,2023-As if the pandemic and acute labour shortages were not difficult enough for the hospitality industry, environmental regulation could soon prevent hoteliers from renting rooms if their buildings are not sufficiently energy efficient. Added to this, hotel investors are now closely scrutinising the environmental, social and governance (ESG) standards of the assets in which they invest; and hotel managers are under unprecedented pressure to demonstrate improvements in sustainability. In this context…
African Development Bank issues AUD 50 million 15-year Kangaroo Green Bond due March 2038
The transaction is the Bank’s 2nd green bond issued in 2023 across all currencies ABIDJAN, Ivory Coast, March 8, 2023/ — The African Development Bank (http://www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged by RBC Capital Markets and sold to a single Japanese investor, Taiju Life Insurance Company. This is the African Development Bank’s sophomore green bond in the Australian dollar market since the inaugural 15-year Kangaroo green bond was issued…
Decarbonisation of Hospitality Industry Gets Major Boost
……As Studio Moren and EAA Join Hands 9th January 2023 Hospitality design specialist Studio Moren has announced a strategic partnership with the Energy and Environment Alliance (EEA) – an international not-for-profit coalition driving the decarbonisation of the hospitality industry – to provide expertise on sustainable architecture and interior design practices across the sector. The EEA’s mission is to develop the first universal sustainability standard for the hospitality industry, including the design, build and operation of buildings. Studio Moren, working in collaboration with EEA and its other partners, will utilise its…
Independents Energy Companies are Raring to Go in Africa in 2023 with Sustainable Energy Development (By NJ Ayuk)
OPINION PIECE They’re bringing private capital, experience, and know-how to the continent JOHANNESBURG, South Africa, December 26, 2022/ — By NJ Ayuk, Executive Chairman, African Energy Chamber In late 2019, Africa Oil Corp. President and CEO Keith Hill told Petroleum Economist that, given Africa’s unproven oil and gas basins, the continent was probably “the greatest frontier,” with outstanding opportunities for exploration, production, and development companies, including independents. Three years later, Hill remains bullish about Africa, and Canada-headquartered Africa Oil Corp. is driving oil and gas exploration here. The company is…
About rising Global Warming and Carbon Emission Cuts
“Seychelles is Already Net Zero” Says President Ramkalawan …. As U.S.-Africa Leaders’ Summit ends in Washington DC By: Mohammed Abu African Small Island Developing State of Seychelles President Wavel Ramkalawan has recently disclosed that his country is already net zero and even cleaning up the emissions of the world while also taking note of the efforts of others to achieve same in 2030, 2040, 2050 or 2060. President Ramkalawan noted that despite its size, Seychelles is not only talking about saving the planet but rather playing an active role through…
African Economic Conference 2022 urges development community to “walk the talk” on innovative solutions to fight climate change
Participants asserted that achieving net zero emissions—the crux of the three-day conference—can be accomplished if all stakeholders are robustly engaged BALACLAVA, Mauritius, December 12, 2022/ — The 17th African Economic Conference ended on Sunday with a charge to the development community and governments to take decisive actions to address climate change. The African Development Bank, United Nations Economic Community for Africa, and United Nations Development Programme, the conference hosts, called on participants to walk the talk by producing concrete solutions for climate-smart development on the continent. Participants asserted that achieving…
African Development Bank Group President appoints Senegal’s former Minister Amadou Hott as Special Envoy for the Alliance for Green Infrastructure in Africa
The Alliance will mobilize up to $500 million needed for a robust pipeline of bankable, greener projects ABIDJAN, Ivory Coast, December 13, 2022/ — African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Senegal’s former minister Amadou Hott, as his Special Envoy and global champion for the Alliance for Green Infrastructure in Africa (AGIA). The African Development Bank, Africa Union and Africa50 launched the Alliance during COP27 last November with global partners: the African Union Development Agency, the African Sovereign Investors Forum, the European Investment Bank, the European Bank…