Almost one-third of the €500 million in EU funding for the “Spotlight Initiative” went to its management by the United Nations; The initiative did not achieve its objective of attracting additional funding from new donors; Auditors call for better value for money and note risks to the sustainability of the …
Read More »The Conflict Between Ukraine and Russia is Affecting the Pomeranian Economy
The Pomeranian economic mission, the Pomeranian Development Agency and the Gdansk Economic Development Agency led the delegation to the just concluded Offshore Technology Conference (OTC), to attract investors from the industry, establish contacts, gain knowledge and benefit from global experience. The Pomeranian region was represented by the Marshal of the Pomeranian …
Read More »South African Tourism and South African Consulate General billboards celebrating South Africa’s Freedom Day on the Nasdaq Tower in New York City’s Time Square
South African Tourism and the South African Consulate General New York joined forces to celebrate South Africa’s Freedom Day on April 27 with the launch of an inspiring digital campaign played on the seven-story Nasdaq Tower in the heart of New York City’s Times Square located at 4 Times Square …
Read More »IMCA Responds to Congressional Advancement of U.S. Crewing Legislation
The U.S. House of Representatives passed legislation – H.R. 6728 – that included a provision in Section 518 – as the International Marine Contractors Association (IMCA) previously reported – that would impose burdensome new citizenship-based restrictions on crews of foreign flag vessels that work on offshore energy projects on the …
Read More »African Union and European Union step up digital cooperation following EU-AU Summit
Digital cooperation is a cornerstone of the Africa-EU strategic partnership. This was underlined by representatives from the European Union and the African Union on the 18th of March 2022 at the Africa-Europe Digital for Development (D4D) Hub Multi-Stakeholder Forum. The event, which took place virtually, was co-hosted by the African Union …
Read More »Angola’s Special Economic Zone, provides new services to national and foreign investors
The Luanda-Bengo Special Economic Zone (ZEE) launched a useful new tool for investors, the GAI (Guiché de Apoio ao Investidor), or Investor Support Office, which in addition to supporting the presidential directive to facilitate access for national and foreign investors, will eliminate bureaucratic obstacles that can hinder the actions of …
Read More »Next Steps to U.S.-Kenya Free Trade Agreement
Corporate Council on Africa (CCA) in partnership with Kenya Private Sector Alliance (KEPSA) hosted a roundtable discussion with Kenyan and U.S business leaders and government officials to explore how the private sector can support this bilateral effort and take full advantage of investment and trade opportunities that will arise from …
Read More »Standard Chartered Bank arranges a US$ 1.46 billion financing to fund the Standard Gauge Railway (SGR) Project
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered (SC.com) Tanzania for a US$ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora. Running approximately 550 kilometers long, the SGR project …
Read More »Sanwo-Olu inaugurates NNPC/SNEPCo multi-million naira medical equipment at Lagos General Hospital
Governor Ihedioha pledges support for SPDC’s gas project in Imo State
Imo State Governor, Emeka Ihedioha, has pledged the support of the government and people of the state for the success of the multibillion-dollar Assa North/Ohaji South Gas development project. Speaking during a visit to him in his office last week by the leadership of the Shell Petroleum Development Company (SPDC), …
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