Tag Archives: energy

African Energy Chamber and the Oil Industry Congratulates Equatorial Guinea’s Government on Setting Up One-Stop Sho…


The African Energy Chamber (www.EnergyChamber.org) welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the country. 

“The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the country at par with global standards, said NJ Ayuk, the Chamber’s Executive Chairman.  For the African Energy Chamber and the oil industry, it is important to encourage men and women who find opportunities, have ideas of innovative services and unavailable products,…

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Nuclear energy: Nigeria catching up with other African countries – NNRA ▷ Nigeria news


– The Nigerian Nuclear Regulatory Authority says Nigeria is catching up with other African countries in terms of nuclear regulatory system

– This was revealed by the director, radiological safety, NNRA, Professor Timothy Akpan

– Professor Akpan made the revelation after the International Atomic Energy Agency assessed NNRA recently

The Nigerian Nuclear Regulatory Authority (NNRA) has revealed that Nigeria is catching up with other African countries in terms of nuclear regulatory system.

This was revealed by the director, radiological safety, NNRA, Professor Timothy Akpan, while speaking to The Punch.

Professor Akpan made the comment after the International Atomic Energy Agency (IAEA) assessed the performance and operational framework of the NNRA.

It was gathered that the IAEA also…

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World Bank: Arab, African Countries Among ‘Best’ in Developing Renewable Energy


The World Bank has recently released a report, titled Regulatory Indicators for Sustainable Energy (RISE) 2018, in which it warned that the world, as a whole, is only about half way towards the adoption of advanced policy frameworks for sustainable energy.

This puts at risk the achievement of Sustainable Development Goal on Energy (SDG7) by 2030 and hinders progress towards the goal of keeping the rise in global temperatures to well below two degrees.

It follows the previous methodology of classifying countries into a green zone of strong performers in the top third, a yellow zone of middling performers, and a red zone of weaker performers in the bottom third.

The latest edition of RISE found that in the last decade the number of countries with strong policy frameworks for…

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OPINION: How African cities can harness green energy to boost growth and jobs


In 1967 one gigabyte of hard drive storage space cost US$ 1m. Today it’s around two US cents. Computer processing power has also increased exponentially: it doubles every two years. This is just the tip of the iceberg when it comes to technological progress in the 21st century.

There have also been tremendous advances in communication technology; robotics; nanotechnology; genetics and artificial intelligence, among other things. This merging of digital, physical and biological worlds has come to be known as the “fourth industrial revolution”.

So far, relatively little attention has been paid to the overwhelming potential of the fourth industrial revolution to catalyse much needed transitions to a more sustainable society – particularly in the developing…

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IDB lends further support to CDB’s investments in regional energy security


Dominica says it plans to establish a small geothermal plant despite a few “hiccups’’ with investors. Credit: Charles Jong

The Caribbean Development Bank (CDB) in partnership with the Inter-American Development Bank (IDB), has mobilised more than US$85 million to increase the Region’s energy security through geothermal energy development.

On Thursday, CDB’s Board of Directors approved acceptance of further financing under the Sustainable Energy Facility (SEF) for the Eastern Caribbean from IDB, with resources coming from the Green Climate Fund (GCF) and the Government of the Republic of Italy.

SEF is part of CDB’s GeoSmart Initiative, which aims to reduce the financial, technical and institutional barriers to geothermal energy development in five Eastern Caribbean…

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Insider Buys Of The Week: Aramark, Royal Caribbean, Valero Energy


  • Insider buying can be an encouraging signal for potential investors.
  • Some insiders have taken advantage of recent sell-offs.
  • Shares of one of these companies sank to a 52-week low last week.

Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.

Here’s a look at a few notable insider purchases reported in the past week.

Aramark

Aramark Corporation (NYSE: ARMK) saw its board chair, president and chief executive, Eric Foss, add to his stake this past week. At per-share prices of $32.21 to $32.72, the more than 92,500 shares reportedly…

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