Mozambique’s president urges Western energy companies to resume work in troubled region

Amid continuing clashes between Mozambique’s federal forces and other African allies against Islamist militants in the Cabo Delgado Province, the country’s president Filipe Nyusi has called on Western energy companies to resume work, assuring them security situation had improved in the conflict-torn region. Addressing the Mozambique Gas & Energy Summit in Maputo Wednesday (14 September), […]

IsDB & EIB commit $1billion each to co-finance green projects

The Islamic Development Bank (IsDB) and the European Investment Bank pledged to commit $1b each in co-financing green projects, during the 2019 Sukuk Summit, hosted in Luxembourg. Together with the European Investment Bank (EIB), IsDB signed a Memorandum of Understanding (MOU) to strengthen cooperation and committed $1 billion each in co-financing green projects through to […]

ECOWAS: Nigeria Studying Move to Embrace New ECO Currency

Nigeria is studying the currency changes ringing through the West African region and will respond in due course, a statement by a media aide to the Minister of Finance, Budget and National Planning said. “Nigeria has received the news of the change of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco supposedly as […]