Environmentalists push Nigeria to delay Shell’s $2.4 billion sale of assets in sorely polluted Niger Delta
Activists say Shell has a history of poor divestment in the region. They point to a wellhead blowout in the Santa Barbara River, which flows through the Niger Delta, in 2021. The wellhead wasn’t producing but wasn’t decommissioned by Shell or its new owners, Aiteo Eastern E & P. The facility spewed crude oil and associated gas for 38 days and caused planet-warming methane to be released into the atmosphere, killed fish and devastated riverside farms.
Congo Brazzaville starts exporting liquified natural gas a year after Italian firm ENI launched local project
Europe has been in search of new energy sources since moving to cut off Russian supplies following its full-scale invasion of Ukraine two years ago.
Nigerian civil servants launch nationwide strike over soaring inflation and unmet promises
Gasoline prices have more than doubled and inflation has shot up as a result, reaching close to 30 per cent last month, the highest in nearly three decades, according to the National Bureau of Statistics.
With low ease of doing business index than the likes of Kenya, Morocco and Kosovo, EU finds it hard to match US on growth
The US economy is growing at more than 2 per cent per year while the euro zone is stagnating. Productivity – or the output of each hour worked and euro invested – has also grown more slowly on the east side of the Atlantic for 30 years.
South African prosecutors seek extradition of suspects in $580,000 stolen from the president’s house
Two men and a woman have been arrested and charged with the theft. Prosecutor Nkhetheni Munyai said at a hearing on Friday in the northern town of Bela-Bela that an extradition process to bring other suspects to South Africa had begun. He didn’t say how many suspects or where they would be extradited from.
Money laundering watchdog Financial Action Task Force drops UAE, Uganda, Barbados and Gibraltar from ‘bad boys’ roster
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs, who is also Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, welcomed the move and expressed his appreciation to those who had worked to bring it about.
Nigeria eyes interest rate hikes as economists urge CBN governor to follow Kenya’s monetary policy
The Central Bank of Nigeria (CBN) has not had a policy meeting since July, putting it out of kilter with the rest of the continent’s key central banks that hold meetings almost every second month.
UAE, Kenya seal comprehensive trade deal that covers food, mining and technology
UAE state news agency WAM quoted Kenya’s trade minister Rebecca Miano as saying the deal would play an important role in enabling Kenyan exports to reach important markets in Asia and the Middle East
EU watching keenly how Italy’s planned asylum seekers processing centres in Albania will work
The centres could help relieve chronic overcrowding at initial asylum processing centres in Italy, where hundreds of thousands of migrants are held after risky sea voyages across the Mediterranean Sea from Libya, Tunisia, Turkey and other countries.
Maize farmers in US in a quandary on back of a glut that’s driven prices into the ground
Record-large harvests in the United States and Brazil, increased competition for US grain exports, and limited domestic demand led to hefty amounts of corn locked away in storage, pushing US corn prices to their lowest level since November 2020 on Wednesday.
