Source: The World Bank Group |

New Data: Private Sector Pumps $86B into Infrastructure in Low- to Middle-Income Nations

Despite the decline in total investment, more countries received private investments in infrastructure across a wider sample of projects

New World Bank data finds that private infrastructure investment in low- and middle-income countries totaled $86 billion in 2023. Investments declined 5% compared with 2022, however, were on par with the previous five-year average. Despite the decline in total investment, more countries received private investments in infrastructure across a wider…

United Nations Office at Geneva (UNOG)
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    • ‘Historic Expansion’ of Joint UN Fund to Boost Sustainable Development
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Source: United Nations Office at Geneva (UNOG) |

‘Historic Expansion’ of Joint UN Fund to Boost Sustainable Development

This announcement comes less than a year after the Fund launched its first investment of $41 million in four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay

The UN Joint SDG Fund announced on Monday an additional $54.5 million in investments for projects across five countries, to try and get the Sustainable Development Goals (SDGs) back on track.  “The Fund is in a position to bridge the gap in giving and impact investing”, said Hiro Mizuno, UN Special Envoy on Innovative Finance and Sustainable…

African Energy Chamber
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    • Suriname Oil Discoveries are Cause for Celebration, but Only If We Apply Proven Lessons to Make it Work for Everyone (By Clarence Seedorf and NJ Ayuk) [1]
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Source: African Energy Chamber |

Suriname Oil Discoveries are Cause for Celebration, but Only If We Apply Proven Lessons to Make it Work for Everyone (By Clarence Seedorf and NJ Ayuk)

Suriname has put in place a producer-friendly regime that the oil and gas industry has been quick to notice

By Clarence Seedorf (Chair, Black Impact Foundation) and NJ Ayuk (Chair, African Energy Chamber [www.EnergyChamber.org]) There’s no question that the COVID-19 pandemic has sent global energy markets reeling. Oil and gas has undeniably been one of the hardest-hit industries, with prices still struggling to rebound from the collapse in demand…

Source: AOW: Investing in African Energy |

Oil and Gas Operators set to discuss their Near-Term Strategic Outlooks for Africa

To accompany the session, Africa Oil Week has released the latest in a series of complimentary reports produced alongside its long-standing partner, Wood Mackenzie

It’s no secret that the COVID-19 pandemic, combined with ambitious emissions targets, are currently forcing oil and gas Operators worldwide to re-evaluate – and in many cases slim down – their portfolios. But what does this mean for Sub-Saharan Africa? This question will be top of the agenda at the…

African Energy Chamber
Source: African Energy Chamber |

Trident Energy continues to bet on Pre-Salt Layer with Brazil Acquisition

The company has acquired the Pampo & Enchova clusters from state-run Petrobras

Trident Energy, the independent company operating the Ceiba and Okume fields in Equatorial Guinea since 2017, has just made its official entry into Brazil’s offshore. The company has acquired the Pampo & Enchova clusters from state-run Petrobras, which include ten concessions producing over 22,000 bopd from the PPM-I, PCE-1, P-8…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation releases 2019 Annual Development Effectiveness Report

Report highlights impact of US$ 5.8 Billion financing towards Advancing Trade in Organization of Islamic Cooperation (OIC) Member Countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, today released its 2019 Annual Development Effectiveness Report (ADER).  In 2019, ITFC approved US$5.8 billion trade financing, a 12% increase from the previous year, to advance trade in member countries. Of this, US$5 billion…