AFRICAReports Banking and Finance Economy News & Reports WORLDReport

Fitch Says Rising Sovereign Debt Could Hit Ratings in Sub-Saharan Africa

A rise in government debt/GDP would be a potential negative rating action trigger for most sub-Saharan Africa (SSA) sovereigns, particularly those whose ratings are on negative outlook, said Fitch Ratings. “Efforts to contain COVID-19 outbreaks have hurt economic activity, weighing on tax revenues, even as public expenditure pressures have risen with demands for additional healthcare …read more →

AFRICAReports ENERGY Infrastructure News & Reports WORLDReport

EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’

Doha — As the global population edges towards the 10 billion mark by 2050 and world GDP more than doubles, natural gas will continue to play a crucial role in alleviating energy poverty, fueling economic growth, expanding prosperity, and contributing to the protection of the environment, according to Mohamed Hamel, the Secretary General of the Gas Exporting Countries …read more →

Economy ENERGY Infrastructure Infrastructure Financing News & Reports WORLDReport

Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF

The International Monetary Fund, IMF, has noted that the non-oil sector of the Nigerian economy could be stronger, benefit from its recent growth momentum, and higher production from the new Dangote Refinery, and its supportive credit policies. The IMF’s Executive Board 2021 Article IV Consultation with Nigeria released recently, said that Nigeria’s ratification of the …read more →

ENERGY News & Reports WORLDReport

NLNG Refutes Report on Operating “Illegal International Cartels”

The Nigeria LNG Limited, NLNG has denied a report making the rounds that top officials of the company, and that of the Nigerian National Petroleum Corporation, NNPC Limited operate illegal international cartels, and illegally ship over $1billion oil to the U.S, and South American Countries. A statement signed by Andy Odeh, General Manager, External Relations …read more →

ENERGY Infrastructure News & Reports WORLDReport

DOE Establishes Bipartisan Infrastructure Law’s $9.5 Billion Clean Hydrogen Initiatives

The U.S. Department of Energy (DOE) has announced two Requests for Information (RFI) to collect feedback from stakeholders to inform the implementation and design of the Bipartisan Infrastructure Law’s Regional Hydrogen Hub and the Electrolysis and Clean Hydrogen Manufacturing and Recycling Programs. This request will help accelerate progress, reduce technology cost, and ramp up the …read more →

Infrastructure News & Analysis News & Reports Security Infrastructure Technology WORLDReport

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

The Surface Electronic Warfare Improvement Program, “SEWIP” is a bland-sounding acronym for a U.S. Navy system that doesn’t often register on defense investors’ radar. But overlooking it could be a mistake. Over the past decade, Lockheed Martin has quietly built up a tidy franchise selling SEWIP Block 2 systems to the Navy for early detection of missile threats to U.S. warships. …read more →

AFRICAReports ENERGY Health Infrastructure Infrastructure Financing News & Reports Roads Transportation WORLDReport

EU Plans $22.7 billion Transport Network, Other Projects Across Africa

The European Union (EU) is working on a €20 billion ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, a Bloomberg report disclosed, however, have yet to commit to financing the infrastructure plans, according to officials familiar …read more →

ENERGY Infrastructure News & Reports Power WORLDReport

British Power Company in trillion-Dollar Compo Blunder

British energy supplier Northern Powergrid has apologised to 74 customers after they were accidentally sent compensation cheques of more than £2.3 trillion ($4.4 trillion). Compensation is being paid to tens of thousands of customers who were left without power when severe “once in a generation” winds swept across Britain from Storm Arwen in November last …read more →

Housing Infrastructure Infrastructure Financing News & Reports WORLDReport

China’s Love of Construction Keeps Fueling Infrastructure Stocks

China’s infrastructure stocks are back in vogue and defying the broader market’s decline this year on bets that government spending will support the sector. The CSI 300 Infrastructure Index has advanced more than 5% this year to an almost three-year high versus a 6% drop in the mainland’s broader gauge, which entered a bear market …read more →