Browsing: Africa Europe

Through the Global Gateway strategy, the European Union has announced a second package of EUR 166 Million to support Tanzania’s Blue Economy initiative, digital transition and green revolution. Photo/Panafricavisions

While the government of Tanzania has not listed specific projects that the Global Gateway grant will finance, the country already has several green initiatives underway and is leading the region in digital transformation.

The EU envisions that through the grant funding various solutions will be realized under five main banners; green transition, digital transition, accelerating sustainable growth and decent job creation, strengthening health systems and improving education and training

In this regard, the EU is of the view that tackling the global challenge of climate change, it must work with Africa to maximise the benefits of the green transition and minimise threats to the environment in full compliance with the Paris Agreement, as stated in the official EU statement.…

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The findings are quite encouraging for Sonatrach and Algeria, both of which have not seen major increases in their hydrocarbon reserves since the middle of the 2000s.

Since the beginning of the year, Algeria has experienced an increase in the amount of oil and gas being exported via pipeline and sea; Algeria has provided Italy with 13.9 billion cubic metres, which is more than 113 per cent of the amounts that were originally expected.

More recently, Occidental (US), Total Energies (France), and Eni (Italy) came to an agreement worth US$4 billion to develop a site located in the Berkine perimeter and generate 1 billion barrels of oil equivalent. The transaction was signed by all three companies.

Sonatrach and other international oil firms can now enter into production-sharing agreements according to a hydrocarbon law passed in 2019, despite the fact that the legislation sparked some street protests. However, it established a …

EU seeks a new trade agreement with Africa www.theexchange.africa
  • On Thursday, the European Parliament held a vote to consider a new report that would revive its EU Africa trade agreement as advocated for in this paper, which has been forwarded to the European Commission (EC) for deliberation and, if necessary, resolution
  • The paper, which was authored by the EU Committee on International Trade, provides a number of suggestions for potential investments in Africa in the future
  • The vote on the “Future of EU-Africa commercial ties” will centre on five primary topics: food security, infrastructure, fair trade treaties, civil society, and workable economic development

On Thursday, the European Parliament held a vote to consider a new report that would revive EU Africa trade agreements.

More equitable treatment of African nations within the context of their existing bilateral trade agreements is advocated for in this paper, which has been forwarded to the European Commission (EC) for deliberation and, if necessary, resolution.…

FOOD

Around the world, food systems and supply chains come in different shapes and sizes. And so too do food safety problems and their solutions.

In high-income countries, food supply chains are long and complex but also highly regulated and closely monitored. In low- and middle-income countries, major cities host similarly modern and regulated supply chains serving the growing middle and upper classes. But they also host traditional markets, often open-air, made up of unregulated small businesses with basic infrastructure. These markets provide many people with an income and are also where most people, especially the poor, buy their food.

These informal businesses face food safety challenges because they lack refrigeration units, have food that is exposed to the elements and stalls are, in general, rudimentary structures. This doesn’t necessarily mean that they’re always unsafe, and formal markets with modern infrastructure are safer.

However, informal businesses do lack regulation and their …

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The World Bank Group has charged Nigeria and other African countries to embrace lower-carbon sources of energy in a bid to increase electricity access and also reduce subsidies being applied on fossil fuels.

According to the Bretton Wood institution, regions affiliated to the World bank ought to evaluate themselves on avenues to electricity access, in a economical way.

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In a virtual press briefing the President of the World Bank Group, David Malpass, noted that the Bank intends to work with countries on their long-term strategy, by addressing questions as to where they will get the growth in electricity access that they need, and what are the lower-carbon sources of energy that are available.

“This might be hydro; it might be natural gas; it might be improvements in the transmission grid that save electricity and allow more renewables to be brought on stream.

“We have solar projects in many of the …