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Nears

UN Issues Urgent Alert as Time Runs Out to Rescue Myanmar Earthquake Survivors; Death Toll Nears 3,000

In Myanmar, aid organizations are reporting harrowing conditions in the aftermath of a devastating earthquake that has claimed over 2,700 lives. The urgency for food, water, and shelter is palpable, with warnings that the opportunity to rescue survivors is quickly slipping away. Min Aung Hlaing, the leader of Myanmar's military government, addressed the nation in a televised speech, stating that the death toll from the 7.7 magnitude quake, which struck on Friday, is anticipated to surpass 3,000. As of today, the death toll…

NNPC Nears Completion of Its Initial Public Offering

Anticipating Transformation: NNPC Ltd's Journey to the Capital Market The Nigerian National Petroleum Company Limited (NNPC Ltd) is poised at a significant juncture. As they prepare for a transformative shift, they are in the final stages of getting listed on the capital market. This comes in response to the requirements set out by the Petroleum Industry Act (PIA) of 2021. But what does this mean for Nigeria and its energy sector?…

Ethiopia Nears Full Renewable Energy Generation Milestone

Ethiopia: A Beacon of Renewable Energy in Africa Ethiopia stands at the forefront of Africa's transition into renewable energy. What's truly remarkable is its reliance on eco-friendly energy sources, predominantly hydroelectric power. Have you ever paused to consider how a nation achieves such an environmental feat? This was effectively highlighted by Fitsum Assefa Adela. She articulated that Ethiopia harnesses almost 100% of its electricity from renewable sources through a distinct…

Kenya Nears Agreement on $1.5 Billion Budget Support Loan from UAE – Insider

Kenya’s administration is on the cusp of securing a hefty $1.5 billion loan from the United Arab Emirates at an 8.2% interest rate, aiming to address the financial shortfall plaguing the East African nation, a source in the know told Reuters. "Kenya is broadening its budget support sources," noted the insider, hinting that "the deal is practically in the bag." The finance ministry and central bank of the UAE didn't immediately respond to requests for a statement. Kenya's Finance Minister John Mbadi and top ministry…

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