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Africa’s Infrastructure Needs to be Climate Adaptive

Africa has contributed the least to climate change but is the continent most exposed because of housing, transport, industrial and energy structures unsuited to surviving storms, floods, droughts, wildfires and other hazards caused by extreme weather patterns. The UN Office for Disaster Risk Reduction gauges that without urgent intervention, the cost of structural damage caused

Nigeria’s President Muhammadu Buhari Proposes Amendment of Just Passed Petroleum Industry Bill.

Barely one month after assenting to the Petroleum Industry Act (PIA) 2021, President Muhammadu Buhari is asking the Senate to amend the act that was passed by the National Assembly on July 1. The President’s fresh request was contained in a letter dated September 16, and read during plenary, yesterday, September 22, by the Senate

Nigerian Content Development Board, dialogues with AEI on developments  in Nigeria’s Oil Industry

The Team met with The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, in his office. Since inception, NCDMB has been committed to building local capabilities in the Nigerian Oil and Gas Industry, which has become a model for Sub-Saharan Africa.Conversations highlighted the MOU between NCDMB and the Bank of Industry Limited (BOI) on the implementation of

UN General Assembly Advocates Creation of Single Electricity Market Across Africa

As the international community gears up for the first global gathering on energy on the auspices of the UN General Assembly in four decades this month, energy and sustainability in Africa is high on the continental agenda. Simultaneously focused to “build back better” out of the COVID-19 crisis and towards lasting societal sustainability, Africa has

Africa Finance Corporation Plans $500 Million Infrastructure Climate Resilient Fund Under Newly Created Asset Management Division.

As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF). AFC Capital Partners plans to raise US$500m in the next twelve months and US$2 billion over the next three