Britain will host an energy security summit on Thursday, kicking off the meeting by pledging to invest 300 million pounds ($399 million) in the domestic supply chain for offshore wind projects. Security of energy supplies shot up the agenda of countries around the world after Russia’s invasion of Ukraine in 2022 led to global price […]
The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa. The senior unsecured amortizing term […]
Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Bhatia, chaired a high-level review meeting under the aegis of the Project Monitoring Group (PMG) to assess the progress of mega projects across Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting brought together senior officials from central ministries, state governments, and project […]
The groundbreaking ceremony was part of a nationwide initiative marking the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975), with 80 key projects launched simultaneously across the country, totaling VND450 trillion ($18 billion) in investment. These projects are expected to serve as key drivers of Vietnam’s development in a […]
tanbic IBTC Asset Management, Fund Manager of the Stanbic IBTC Infrastructure Fund (the “Fund”) is pleased to announce that it has partnered SIFAX Group of Companies Limited through its subsidiary, SIFAX Shipping ICT Limited, to successfully facilitate the development of an ultra-modern port terminal on 8.3 hectares of land (~82,846 m²) in Ijora, Lagos – […]
America’s only rare earths mine heard from anxious companies soon after China responded to President Donald Trump’s tariffs this month by limiting exports of those minerals used for military applications and in many high-tech devices. “Based on the number of phone calls we’re receiving, the effects have been immediate,” said Matt Sloustcher, a spokesperson for MP Materials, the company that […]
Chairman of Qatar Chamber (QC), Sheikh Khalifa bin Jassim bin Mohammed Al Thani (pictured) emphasized the Chamber’s commitment to strengthening economic and trade relations with Russia. This came at the Qatar-Russia Business Forum held in Moscow, on the sidelines of the official visit of the Amir H H Sheikh Tamim bin Hamad Al Thani to […]
The White House budget office has put forward a proposal to cut funding for United Nations peacekeeping missions, pointing to what it describes as operational failures in Mali, Lebanon, and the Democratic Republic of Congo. The U.S. is the largest financial contributor to the U.N., responsible for 22% of its $3.7 billion core budget and […]
After a brief retreat, Nigeria’s headline inflation seems to have resumed upward, rising by 1.05 per cent to 24.23 per cent in March. According to the National Bureau of Statistics (NBS), the rise in headline inflation was driven by food and non-alcoholic beverages, contributing 9.28 per cent. The NBS report shows that food inflation maintained […]
The Federal Government of Nigeria (FGN) Power Company has entered into a significant Engineering, Procurement, Construction, and Financing (EPC&F) contract valued at $328,818,916.99 with the China Machinery Engineering Company (CMEC) group to improve power supply throughout Nigeria. During the signing ceremony held in Abuja on Wednesday, Adebayo Adelabu, the Minister of Power, stated that the […]