Month: June 2025

 The Cabinda Refinery plans to start phase one operations in 2025, with a capacity of 30,000 barrels per day (bpd). Developed by investment company Gemcorp, the refinery will be the country’s second operational refining facility once completed. As the facility prepares to start production, Cabinda Refinery has joined the Angola Oil&Gas (AOG) conference – taking place September 3-4 in Luanda – as a Bronze Sponsor.   AOG 2025 represents the premier […]

 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Nakkaş-Başakşehir Motorway Project in Türkiye has been named TXF’s Social Infrastructure Deal of the Year 2024, awarded during the TXF Global Awards Ceremony held on 11 June 2025. This landmark project involves EUR 1.044 billion in non-recourse financing […]

 Zimbabwe is making significant progress in combating antimicrobial resistance (AMR) within its poultry sector, thanks to a collaborative effort between the Food and Agriculture Organization of the United Nations (FAO) and the Government of Zimbabwe. Through a Multi-Partner Trust Fund (MPTF) supported project and the Fleming Fund global project, the initiative has successfully reduced the overuse of antimicrobials in the broiler value chain by empowering farmers with sustainable and biosecure […]

 The U.S. Embassy in Madagascar is proud to launch the English Language Teacher Training program, which brings together over 100 teachers nationwide to strengthen the quality of instruction, introduce innovative teaching methods, and foster collaboration among educators.  Funded by the U.S. Department of State and implemented in partnership with the English Language Teachers Association (ELTA) of Madagascar, this two-day training — centered on the theme Empowering Teacher Educators through Innovative Teaching […]

 Energy major ExxonMobil, alongside partners TotalEnergies (operator), Equinor, Azule Energy and Sonangol - has signed a production sharing contract (PSC) extension for Block 17, situated offshore Angola. Securing the long-term future of one of the country’s most productive oil assets, the extension marks a major milestone in Angola’s efforts to sustain oil production above one million barrels per day. The African Energy Chamber (AEC) – serving as the voice of […]

 The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant. Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with […]

 Set to launch in June 2025 with an initial $5 billion in capital, the African Energy Bank (AEB) is positioned to catalyze a shift in Africa’s energy sector. Established by the African Petroleum Producers’ Organization (APPO) in partnership with multilateral financial institution Afreximbank, the AEB aims to mobilize capital for upstream, midstream and downstream energy projects, addressing a continent-wide investment shortfall estimated at up to $50 billion annually. By providing […]