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COP29 climate summit host Azerbaijan defends oil and gas investments
Published: 26 Apr 24
Azerbaijan, host of this year's UN climate summit, will defend the right of oil and gas producing nations to invest in the sector, the country's president said on Friday, noting that despite climate targets, fossil fuel demand remains strong.
As the host of the United Nations COP29 climate summit in November, Azerbaijan will oversee negotiations among nearly 200 countries on how to raise more finance to combat climate change and reduce the greenhouse gas emissions heating the planet.
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Kibo subsidiary progressing Pyebridge asset
Published: 26 Apr 24
Kibo Energy’s subsidiary, Mast Energy Developments (MED), has received official confirmation that its Pyebridge 9 MW flexible power generation asset in England has passed its satisfactory performance days (SPD) requirements under its current existing T-1 capacity market (CM) contract. This means that Pyebridge will retain the current CM contract’s associated yearly gross profit margin income of about £308 000 which is paid and received monthly in arrears.
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Coca Cola’s Namibia recycling partnership turns bottles into brighter futures
Published: 26 Apr 24
An investment of more than $1.2-million through a partnership between Coca-Cola Beverages Africa (CCBA) and plastic packaging company Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja, Namibia. The plant is expected to double the capacity of the only mechanical recycler of plastic waste in the country.
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Africa Mining Projects in Progress 2024
Published: 26 Apr 24
There is a significant, virtually unparalleled opportunity and “appetite” for Africa’s minerals and metals. Consequently, Africa potentially stands to benefit considerably from this minerals windfall owing to its vast resources and reserves.
Creamer Media’s ‘Africa Mining Projects in Progress 2024’ report covers almost 40 mining projects across Central, East, North, Southern and West Africa, all offering very compelling mining propositions given the demand for the minerals and metals required for the worldwide shift towards renewable energy, which is projected to increase threefold by 2040.
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EDF Renewables, partners building 1.2 GW of low-carbon power capacity
Published: 26 Apr 24
EDF Renewables is currently leading the construction of almost 1.2 GW of low-carbon power generation capacity in South Africa, comprised of 763 MW of wind power, 355 MW of solar photovoltaic (PV) and 75 MW of battery storage. This new build programme comprises eight sites across the Northern and Eastern Cape, developed by EDF Renewables and its partners.
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Standard Bank mobilises debt fund to support sustainable infrastructure in Africa
Published: 26 Apr 24
Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export Finance Fund I, which seeks to invest in climate-aligned and sustainable infrastructure projects in renewable energy, health, food, water security, sustainable cities and green transportation, thereby providing access to essential services to predominantly underserved communities across the continent.
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Plastic pipes key to modernisation
Published: 26 Apr 24
To address the challenges of water scarcity, sanitation inadequacies and the need for efficient waste management there is ongoing reassessment of the materials and technologies used in infrastructure projects, says industry association Southern African Plastic Pipe Manufacturers Association (Sappma) CEO Jan Venter. Within this reassessment, plastic pipes have become notable for their durability and cost-effectiveness, making them an important element in the construction and modernisation of water, sanitation and sewage systems globally.
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Sanitation solution developed for underserved communities, schools
Published: 26 Apr 24
The introduction of the Enviro Loo Clear Non-Sewered Sanitation System (NSSS) marks a substantial advance in addressing pressing issues of sanitation and water scarcity, says sanitation service provider Enviro Loo COO Mark La Trobe. The self-sustaining, flushing toilet system that recycles 100% of used water targets underserved communities, and is environmentally sustainable and practical for widespread implementation.
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