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Nigeria Standards’ Regulator Raises Alarm over Imported Fake Engine Oil
Nigeria’s foremost standard regulator, the Standards Organisation of Nigeria (SON), has raised alarm that a certain substandard Toyota brand of engine oil is in the Nigerian market.
The body said the suspected substandard engine oil was…
W/Bank Approves $43m for Electricity, Water Access in Gambia
…50% of Gambia lack electricity access, 69% lacks drinking water
The World Bank has granted The Gambia $43 million, for its national electricity network restoration and modernization project (GERMP) and water access initiatives.…
In Times When Black Lives Finally Matter, Building Purpose-Driven Businesses is Key to Economic…
Earlier this month and following the death of George Floyd, SoftBank announced a $100m investment fund for minority-owned businesses. The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to…
MAN, Stakeholders Hail Shell on Completion Of 20km Aba Gas Pipeline
…Project Will Connect Manufacturers to Cheaper, Cleaner Pipeline Gas – MAN
Shell Nigeria Gas (SNG) has confirmed that it has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State. The pipeline…
FG Affirms Ladol Free Zone’s 25 Years Land Lease
The Federal Government has affirmed the Presidential approval issued in 2018, granting Global Resource Management Limited a 25-year lease covering the entire area of the Ladol Free Zone.
Chairman of Ladol, Chief Ladi Jadesimi who…
Concerns Trail Nigeria’s Marginal Fields’ Bid Round
The Department of Petroleum Resources (DPR), have been accused of lacking transparency in the handling of the 2020 marginal fields’ bid round process. The DPR is Nigeria’s oil and gas regulatory agency.
Nigerian authorities say the…
IRENA Outlines Agenda to Put Energy Transformation at Heart of Sustainable Economic Recovery
Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, a new report by the…
AfDB Ranks 4th on Global Index of Transparency
Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its /Aid Transparency Index/.
The Index is the only independent measure of aid transparency among the world’s major…
Lloyd’s Register Emerges as Consultant for Design of Control Rooms for Hywind Tampen
Specialist energy consultancy Lloyd’s Register (LR) has been awarded a contract for Human-Machine Interface (HMI) engineering services - part of an integrated scope awarded to Wood by Equinor to support Hywind Tampen, the world’s first…
Report Highlights Opportunity to Advance Digital Economy in Africa
A new report published today by the Internet Society explains the steps African countries can take to bring faster and less expensive Internet connectivity to the continent.
The report titled “Anchoring the African Internet Ecosystem:…
NEC Recommends Discos’ Audit Before Any Interventions
Nigeria’s National Economic Council (NEC) has called for technical and financial audits of the electricity distribution companies in the country before interventions by World Bank, Siemens AG and others.
Last July, the Federal…
How Rwanda is Spurring a Generation of Women in Technology
Rwanda is renowned for its pioneer role in gender equality. In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report.
It ranked in the top four in the Report’s political…
Nigeria Charges Suspected Pirates Under New SPOMO Law
Nigeria will this week commence the prosecution of suspected pirates under the Suppression of Piracy and Other Maritime Offences (SPOMO) Act. During an interactive session with senior journalists in Lagos, Director-General of Nigerian…
AfCFTA Delay Presents New Opportunities for Construction, Manufacturing Sectors
Experts have said that African companies – particularly in key East and West African markets – now have a real opportunity to position themselves to compete globally and build resilience into the pan-African supply chain.They argue that…
Sparrows Group Moves to Purpose-Built Facility in Angola
Engineering and maintenance specialist, Sparrows Group has re-located to a new purpose-built facility in Luanda, Angola to support its growing operations in Africa.
The move provides the company with a new workshop, storage yard,…
Egypt Invests $27.6bn in 691 Green Projects
The Egyptian government has unveiled an investment plan of about £447.3 billion ($27.6 billion) aimed at taking care of at least 691 green projects for the fiscal year 2020/2021.
The investment primarily affects the transport and energy…
Oil And Gas Companies Must Push for Sustainable Practices – GlobalData
A data and analytics company, GlobalData, has said that oil and gas companies that implement concrete measures to reduce their environmental impact are best placed to succeed in the years ahead.It said that large oil and gas corporations…
Miika Reinikka Appointed CEO Of Yaskawa Environmental Energy/The Switch
The Switch has announced the appointment of Miika Reinikka as new CEO.
Reinikka, currently is the VP in charge of the company’s wind division and will take over from Jukka-Pekka Mäkinen, incumbent CEO and Founder, on 1 July.
Yaskawa…
Post-COVID-19, oil price shocks: AfDB pledges support for Nigeria
The African Development Bank (AfDB) has assured that in the implementation of Nigerian’s Country Strategy Paper (CSP), the Bank will also support country to address economic shocks associated with the COVID-19 pandemic and oil price shocks…
Two solar firms partner to build minigrids in Nigeria Delta
All On, a Nigerian off-grid impact investor, and Renewvia Energy Corporation, a global solar developer, have announced a partnership to electrify rural communities unserved by conventional utilities in the Niger Delta region.The…