The Burkina Faso government has unveiled a series of significant projects designed to upgrade the living standards of its population. The announcement detailed the launch of the Urban Mobility and Secondary Cities Development Project (PMDUVS), which is backed by the World Bank and is endowed with a budget of CFA124 billion (about $203 million). This initiative represents a strategic effort...

In the backdrop of global power rivalries, the United States aims to bolster its influence in Africa. Secretary of State Antony Blinken, following his visit to Cape Verde, went to Côte d'Ivoire to discuss economic and security matters. During his official visit to Abidjan, Secretary of State Antony Blinken announced a $45 million investment for Côte d'Ivoire and the coastal states of West...

The African Development Bank Group’s shareholders have shown strong support for the Bank’s proposals to tackle the Covid-19 pandemic, and this as the continent faces the possibility of a third wave of infection amid poor vaccine access. This emerged from the 56th Annual Meetings of the Bank Group. The three-day event, which ended on Friday, included the 47th meeting of the Governors of the...

It is estimated that around 143 million persons could become “climate migrants” by 2050, if nothing is done to combat climate change within  the specified period. This was revealed in a report published yesterday March 19, by World Bank. The major part of these people (86 million) will come from sub-Saharan Africa, the report indicated. This  flow in migration could be as the...

Shell on Wednesday said the Escravos flow station operated by its joint-venture partner SPDC in the Niger Delta has been shut down due to a protest by locals in the southern region. Shyne Edema, a youth leader in the oil region, had said earlier that his group was staging a protest at the facility, shutting down power and water supplies as well as crude production. “We are hopeful that the...

Militants have attacked another pipeline in the Niger Delta region, a day after regional leaders made several demands during a meeting with the President of Nigeria, Muhammadu Buhari (photo). Niger Delta community leaders had met with Buhari and had demanded that he withdraws from the oil region direct oil companies to transfer their headquarters there and spend more on development in order to...

The President of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Saleh Abdulla Al Sada, has stressed the need to strengthen interaction between oil producing states. “In the future we will need enhanced interaction to foster mutual understanding between the OPEC and non-OPEC oil producing states, we need to intensify the contacts,” Al Sada said. This according to him is...

Oil prices increased by about 7% last week, after the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producers announced plans to cut production to between 32.5 million and 33 million barrels per day in Algiers. These major oil producers are planning to meet in Istanbul from October 8 to 13 for informal talks on how to execute the production deal. Francis Perrin (photo),...

Motorist are to now spend less on fuel after the Energy Regulatory Commission (ERC) announced a reduction in the pump prices of all petroleum products, as a result of the ease in global oil prices. In the recent monthly pricing review, motorists in Nairobi will enjoy a Sh3.74 drop in the price of a litre of super petrol as the commodity now sells at Sh91.39. A litre of diesel dropped by Sh2.05...

Concerns have been raised by environmentalists in Morrocco, as to the kind of gas that was discovered from the onshore Tendrara concession by Sound Energy. This is coming months after Sound Energy, announced on February 20 that it has completed the drilling of the first well on the concession. “We do not know if it's shale gas or other,” Soufiane Touil the President of the Local association...