A group of African countries is set to launch a bank to fund oil and gas projects amid growing reluctance by Western institutions to further invest in fossil fuels. The long-planned “Africa Energy Bank” that is expected to take off soon was announced last June as a joint initiative by the African Export-Import Bank (Afreximbank)…
Here are the key developments on the 1,083rd day of Russia’s full-scale invasion of Ukraine. Here is the situation on Tuesday, February 11: Fighting A woman was injured and five houses damaged in an overnight Russian drone attack on Ukraine’s northeastern city of Sumy, regional official Ihor Kalchenko said. A separate attack on a non-residential…
Here are the key developments on the 1,066th day of Russia’s full-scale invasion of Ukraine. Here is the situation on Saturday, January 25: Fighting Russia’s Defence Ministry claimed that its troops had fought their way into the strategically important eastern Ukrainian town of Velyka Novosilka, after a months-long battle. Moscow said it intercepted 121 Ukrainian…
Russia has accused Moldova of plotting a military operation in Transnistria, a Russian-backed secessionist region, setting off concerns among some analysts that Moscow might be a “false flag” attack in Moldova. Russian intelligence said earlier this week that Moldova’s President Maia Sandu was planning a military operation in Transnistria, which borders Ukraine. Sandu was sworn…
The small South American country of Suriname plans to share revenues from newly discovered oil- and gasfields off its coast. After several discoveries of oil reserves by an offshore drilling project known as Block 58 from 2019 to 2023, President Chan Santokhi has unveiled an ambitious initiative called Royalties for Everyone” (RVI), aimed at ensuring…
