Shell-backed Husk raises $100 million for solar
25 October 2023 |
12:18 pm
A company backed by oil major Shell says it has raised $103 million to build solar mini grids in rural Africa and Asia including a focus on Nigeria and plans to expand into Democratic Republic of Congo.
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1 day ago
Fuel queues are gradually easing off in major cities like Lagos. However, Major marketers are demanding increased supply from the Nigerian National Petroleum Company as depots stock drops. Temitope Kolade, Senior Manager, Oil, Gas and Power Unit at Andersen Nigeria joins CNBC Africa for more.
2 days ago
Another showdown in the country that launched the so-called coloured revolutions. Georgia’s parliament has shrugged off some of the biggest protests in its post-Soviet history by approving a “foreign agents” bill that mirrors legislation in neighbouring Russia. The opposition argues it is the way for the government to curb media freedom and dissent in a country which only recently graduated to EU candidate status.
2 days ago
France has declared a state of emergency in its overseas territory of New Caledonia. Violence over a planned constitutional reform is threatening its already struggling economy. Plus, Boeing may face the criminal prosecution it had avoided back in 2021, with the US Justice Department accusing the planemaker of violating the terms of the deferred prosecution deal.
12 hours ago
The naira recorded its first appreciation against the dollar at the official foreign exchange market after weeks of depreciation. Analysts say the decline is due to decline in dollar liquidity in the official market. Dipo Ajayi, the Head, Fixed Income and FX at Chapel Hill Denham Securities, joins CNBC Africa for this discussion.
2 hours ago
Today the World Water Forum starts in Bali, where world leaders will discuss the sustainability of water resources for a week. To illustrate the issue of water management, we head to Panama. The Panama Canal, one of the world’s major maritime trade routes, has suffered a decline in its water levels ever since drought affected the country last year.
32 mins ago
Russian President Vladimir Putin has wrapped up his two-day visit to China, where he and his counterpart Xi Jinping pledged a "new era of strategic partnership". The two leaders had tea together and celebrated 75 years of diplomatic relations at a gala, with the Chinese leader giving his guest a warm hug.
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31 mins ago
A new bill in Georgia requires media, nongovernmental organisations and other nonprofit groups to register as “pursuing the interests of a foreign power” if they receive more than 20 percent of their funding from abroad.
32 mins ago
Governments face increased borrowing, taxes and public sector cuts to finance their soaring military budgets. European NATO members are set to spend a record $380 billion on defense this year — a tough sell to voters.
2 hours ago
Which hospital in Germany offers which services at which level of quality? The government is launching a new online "atlas" tracking this. The health minister said it offered a "clear guide through the hospital jungle."
2 hours ago
From the Cannes Film Festival's red carpet, Eve Jackson brings us the latest on Friday's premieres, including "Kinds of Kindness" with Emma Stone and "Oh, Canada", which marks the return of Richard Gere.
3 hours ago
India experiences heavy rains and severe flooding during the monsoon season between June and September, which brings most of South Asia's annual rainfall.
3 hours ago
In Italy the government of Giorgia Meloni, the leader of the post-fascist Brothers of Italy party, has been criticised for being complacent about the rise of neo-fascism. Since the arrival of Meloni as the head of state, Italian neo-fascist groups are gaining members and becoming more visible. Our correspondent in Italy, Natalia Mendoza, went to meet some of these nostalgic followers of Benito Mussolini to understand who they are and what threat they pose to Italian society.
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