Tag: African

What occurs to African strength market if lenders slash off financial loans for fossil fuel projects?

NJ Ayuk :Electricity Expert

A Small a lot more than a yr in the past, in November 2019, the European Expense Bank (EIB) declared its intention to section out funding for fossil fuels. Particularly, it reported that it would no extended grant financial loans for projects involving crude oil, purely natural gas, and coal as of January 1, 2022 (with a scant couple exceptions for gas projects that fulfill rigorous environmental standards).

In building this announcement, the EIB manufactured background. It became the to start with important multi-lateral financial institution to make a public motivation to abandon fossil fuels in the name of combatting local weather change.

Its pledge did not go unnoticed. In Oct 2020, Antonio Guterres, the secretary-standard of the United Nations (UN), called on the world’s publicly funded progress financial institutions to comply with match. Significantly less than a month later, all 450 of these institutions —

African airlines survive covid-19 [Business Africa]



a man standing in front of a screen: Ignatius Annor speaks to an aviation expert


© Africanews
Ignatius Annor speaks to an aviation expert

Border closures, quarantines and lockdowns. These stringent steps to struggle the pandemic almost introduced domestic and intercontinental travels to a standstill in 2020. But irrespective of the financial pressures felt by African airlines, there was a take care of for survival. Ethiopian airways, Africa’s biggest commercial airline, promptly diversified to cargo. It prevented searching for bailouts and laying-off total-time staff. In Northern Africa, Air Maroc made available cost-free insurance packages to woe buyers again into flight.

African airlines survive covid-19 [Business Africa]

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Passenger site visitors for air transportation dropped at the peak of the Covid-19 pandemic in 2020. The Worldwide Air Transport Association claimed site visitors in Africa fell by 89 %. Even so, in spite of this drastic tumble, carriers on the continent manufactured incredible strides to survive. Africa’s major provider, Ethiopian Airlines, managed

Viewpoint: What Comes about To The African Electrical power Marketplace If Western Loan companies Reduce Off Loans For Fossil Gas Projects?

A minimal extra than a yr in the past, in November 2019, the European Expenditure Bank (EIB) declared its intention to stage out funding for fossil fuels. Specifically, it claimed that it would no for a longer time grant financial loans for jobs involving crude oil, organic gasoline, and coal as of January 1, 2022 (with a scant handful of exceptions for gasoline tasks that satisfy demanding environmental conditions).

In building this announcement, the EIB designed record. It became the very first key multi-lateral economic establishment to make a public determination to abandon fossil fuels in the title of combatting local climate improve.

Its pledge did not go unnoticed. In October 2020, Antonio Guterres, the secretary-basic of the United Nations (UN), termed on the world’s publicly funded progress banking institutions to adhere to match. Much less than a thirty day period later on, all 450 of these institutions — which

What Comes about To The African Electricity Business If Western Loan providers Reduce Off Financial loans For Fossil Gas Assignments?

A minimal extra than a calendar year in the past, in November 2019, the European Investment Financial institution (EIB) declared its intention to period out funding for fossil fuels. Exclusively, it reported that it would no more time grant loans for assignments involving crude oil, normal fuel, and coal as of January 1, 2022 (with a scant couple exceptions for gasoline tasks that meet demanding environmental conditions).

In producing this announcement, the EIB produced record. It grew to become the initial major multi-lateral money establishment to make a community determination to abandon fossil fuels in the title of combatting weather modify.

Its pledge did not go unnoticed. In Oct 2020, Antonio Guterres, the secretary-standard of the United Nations (UN), referred to as on the world’s publicly funded growth banking institutions to follow fit. Fewer than a thirty day period afterwards, all 450 of these institutions — like, by the way,

What comes about to the African electrical power sector if Western loan providers slash off financial loans for fossil gasoline jobs?

NJ Ayuk

JOHANNESBURG, South Africa — A minor extra than a calendar year ago, in November 2019, the European Investment decision Bank (EIB) declared its intention to stage out funding for fossil fuels. Precisely, it reported that it would no longer grant financial loans for tasks involving crude oil, all-natural fuel, and coal as of January 1, 2022 (with a scant number of exceptions for gas jobs that meet up with demanding environmental conditions).

In producing this announcement, the EIB manufactured heritage. It became the very first big multi-lateral financial institution to make a public dedication to abandon fossil fuels in the name of combatting weather adjust.

Its pledge did not go unnoticed. In October 2020, Antonio Guterres, the secretary-standard of the United Nations (UN), called on the world’s publicly funded growth financial institutions to adhere to match. Significantly less than a thirty day period later on, all 450 of

What occurs to the African Strength Sector if Western Loan companies lower off Financial loans for Fossil Fuel Tasks? (By NJ Ayuk)

By NJ Ayuk, Government Chairman, African Electrical power Chamber (http://EnergyChamber.org)

A little much more than a 12 months in the past, in November 2019, the European Expense Lender (EIB) declared its intention to section out funding for fossil fuels. Precisely, it explained that it would no for a longer period grant loans for assignments involving crude oil, purely natural gasoline, and coal as of January 1, 2022 (with a scant number of exceptions for gas projects that meet up with rigorous environmental conditions).

In producing this announcement, the EIB produced record. It turned the to start with big multi-lateral money establishment to make a community determination to abandon fossil fuels in the name of combatting local weather modify.

Its pledge did not go unnoticed. In October 2020, Antonio Guterres, the secretary-common of the United Nations (UN), named on the world’s publicly funded improvement financial institutions to abide by accommodate. Significantly