TotalEnergies Mozambique LNG project may resume within 18 months, says AfDB
TotalEnergies' liquefied natural gas (LNG) project in Mozambique could be back on track within the next 18 months after African armies deployed to help quell an insurgency, the president of the African Development Bank (AfDB) said on Friday (August 27). The French energy giant declared force majeure on the $20 billion project in April after Islamic State-linked fighters overran the town of Palma, on the doorstep of its facilities in the northern Cabo Delgado province. It estimated at the time the disruption would delay development by at least a year.
European Central Bank gives green light to digital euro pilot project
The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies.
Chinese luxury 10-storey apartment erected in 28 hours
A Chinese firm, Broad Group has constructed a 10-storey residential building in China’s Changsha city in 28 hours and 45 minutes. The real estate company used prefabricated construction systems to deliver the project. Pre-fabricated buildings are designs to enable quick construction.
2,000 rally in Georgia against massive hydropower plant project
Around 2,000 people rally in Georgia against plans to construct two giant hydropower plants which critics say pose major environmental risks. Locals and environmental activists have long fumed about plans to build the plants in Georgia's western Rioni Valley, pointing to seismic and environmental risks.
Restarting African growth: IFC backs $2 billion project for entrepreneurs
After the international summit of leaders in Paris focusing on helping African economies recover from the Covid-19 pandemic, we examine the new "Alliance for Entrepreneurship" that was announced. The International Finance Corporation (IFC) is putting $2 billion into the project, which seeks to boost small and medium companies around the continent to create employment and growth. The IFC's Managing Director, Makhtar Diop, tells us how the alliance will work.
London football fans react to Super League project
Football enthusiasts react in front of Arsenal's Emirates Stadium to the plans by six of England's biggest clubs to join forces with top Spanish and Italian sides to form the basis of a breakaway European Super League (ESL). The plans put forward by Manchester United, Liverpool, Manchester City, Chelsea, Arsenal and Tottenham have been hit by widespread condemnation by the UK government, governing bodies, fans and former players.
EU intervention project targets 2,000 villages in northeast
EU intervention project targets 2,000 villages in northeast.
Ladol CEO talks financing solutions, clarifies Total's Egina FPSO project
CNBC Africa's Christycole Popoola caught up Ladol CEO, Amy Jadesimi and discussed access to finance and her company's role in the arrival of the Total EGINA FPSO project and more.
APGA national working committee tours project sites in Anambra
APGA national working committee tours project sites in Anambra.