Recent amendments to the European Union’s Carbon Border Adjustment Mechanism (CBAM) are set to significantly affect African exporters, particularly those in industries with high carbon emissions, experts say. Introduced last month, these changes expand the scope of the CBAM to include indirect emissions — those generated by electricity used in production. This poses a serious […]
Nigeria’s Gasoline Integrated International is planning to build a refining capacity of 100,000 liters per day and other petroleum products, for a total investment of 3 billion naira ($68 million), reports say. The project, according to Ogun State Governor Dapo Abiodun, is expected to produce 400,000 liters per day in the long run. The refinery […]
ISIS continues to pose a threat in Iraq and Syria despite being considerably weakened in recent year, said US Under Secretary Victoria Jane Nuland. “This year, we are seeking to raise $700 million for critical stabilization activities in communities liberated from ISIS’ control in Iraq and Syria, $350 million for Iraq and $350 million for […]
