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Nature-based solutions could accelerate development, social equity – ECA
Published: 28 May 24
Nature-based solutions present a unique way for Africa to accelerate the implementation of the Sustainable Development Goals and Agenda 2063, while contributing to the conservation of the continent's rich biodiversity, promoting ecological connectivity and enhancing climate resilience, said Economic Commission for Africa (ECA) deputy executive secretary Antonio Pedro at the African Natural Capital Alliance (ANCA) Annual Summit held in Nairobi, Kenya, on May 28. “With careful design of its development pathway, Africa can harness the value of its natural resources through responsible management practices that recognise planetary boundaries and balance economic growth with environmental conservation and social equity, beyond growth domestic product metrics,” he commented.
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Global aviation IT specialist enters the maritime sector
Published: 28 May 24
Global air transport IT solutions group SITA announced on Tuesday that it was expanding into the maritime sector, with the launch of its new subsidiary company, SmartSea. It also announced that SmartSea had entered its first agreement, with Cyprus-based global major ship management and maritime services company Columbia Shipmanagement (CSM). “SITA is taking a bold step into the maritime sector, where our longstanding leadership in aviation can serve to overcome economic and capacity challenges, ...
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Bird flu vaccines for laying hens prove effective in practice
Published: 28 May 24
Bird flu vaccines for laying hens are effective in practice, the Dutch government said on Tuesday, while confirming plans to vaccinate poultry against the virus that ravaged flocks around the world and is raising fears about human transmission. Highly pathogenic avian influenza, commonly called bird flu, has killed or caused the culling of hundreds of millions of poultry globally in recent years, most of them laying hens, which sent egg prices rocketing.
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Johannesburg one of 3 cities to benefit from Suncasa project tackling climate threats
Published: 28 May 24
The Scaling Urban Nature-Based Solutions for Climate Adaptation in Sub-Saharan Africa (Suncasa), a new three-year project, will undertake watershed restoration and adaptation actions in Dire Dawa, Ethiopia; Kigali, Rwanda; and Johannesburg, South Africa. It is expected to reduce climate-fuelled flood risks and enhance the resilience of people in these three sub-Saharan African cities, while promoting gender equality and social inclusion and strengthening biodiversity protection.
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Measures to address loss-making assets expected to secure R6.6bn, Sibanye AGM hears
Published: 28 May 24
The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on Tuesday. The focus of the Johannesburg- and New York-listed Sibanye-Stillwater is on strategic essentials, which Maphai highlighted as being a reduction of operating and capital costs as well as the improvement of efficiencies.
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sibanye-stillwater dr vincent maphai neal froneman
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Nedbank, Transnet mediation over swaps terminated
Published: 28 May 24
Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became apparent that there is no likelihood of resolving the matter amicably despite extensive engagements, Nedbank informs in a statement. Nedbank says it participated in the mediation process, which was a confidential, facilitated negotiation, in an attempt to resolve the dispute between the parties amicably and to avoid potentially drawn-out and costly litigation, for both parties, over transactions which Transnet regards as tainted by corruption.
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Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule
Published: 28 May 24
TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of schedule and on budget.
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Jupiter forecasts higher manganese prices in coming months
Published: 28 May 24
ASX-listed Jupiter Mines marketing head Tracey Cloete says manganese ore prices are likely to trade higher than the historical average in coming months owing to supply disruptions. Jupiter has a 49.9% interest in the Tshipi manganese mine, in South Africa.
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Oil and gas industry body shines spotlight on Angolan market
Published: 28 May 24
The African Energy Chamber (AEC) has highlighted the opportunities provided by Angola’s oil and gas industry. The Chamber points out that oil and gas forms the lynchpin of the Angolan economy and that, since 2017, it has been subject to “aggressive reform”. Since 2019, the country has been undertaking multiyear licensing rounds for offshore blocks for both oil and gas exploration and production, open to foreign enterprises. So far, this policy has seen the awarding of more than 27 such blocks. The most recent of these rounds saw 53 bids for 12 blocks in the Lower Congo and Kwanza basins. The AEC is particularly urging multinational exploration and production, and technology, companies to invest in Angola. The organisation points out that the West African country plans to keep its oil production running at 1.1-million barrels per day (bpd) until 2027. After that, production will be stepped up to more than 2-million bpd, to boost economic growth.
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