Environmental groups urge funding halt for TotalEnergies’ Mozambique project

Environmental groups urge funding halt for TotalEnergies’ Mozambique project

TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights CAPE TOWN, Nov 17 (Reuters) – Banks and other financiers should withdraw their support of TotalEnergies’ (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to … Read more

Kenyan shilling eases; dollar demand elevated across all sectors

Kenyan shilling eases; dollar demand elevated across all sectors

A teller arranges Kenya shilling coins and notes inside the cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo Acquire Licensing Rights NAIROBI, Oct 25 (Reuters) – The Kenyan shilling lost ground against the dollar on Wednesday, traders said, due to elevated hard-currency demand across all sectors … Read more

Exclusive: Kenya plans $500 mln Eurobond buyback with new loans – cenbank governor

Exclusive: Kenya plans $500 mln Eurobond buyback with new loans – cenbank governor

A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi/File photo Acquire Licensing Rights MARRAKECH, Morocco, Oct 12 (Reuters) – Kenya is planning to buy back up to a quarter of its $2 billion 2024 international bond before year-end after it secures … Read more

Western rival to Belt and Road has much to prove

Western rival to Belt and Road has much to prove

LONDON, Sept 25 (Reuters Breakingviews) – Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. China’s $1 trillion Belt and Road Initiative is drowning in bad debts and may be about to lose Italy, the only big rich democracy which is a member. The People’s … Read more

Hundreds of millions of dollars pledged for African carbon credits at climate summit

Hundreds of millions of dollars pledged for African carbon credits at climate summit

UAE commits to buying $450 mln of carbon credits Summit aims to show Africa as destination for climate investment Germany announces $65 mln debt swap with Kenya NAIROBI, Sept 4 (Reuters) – An initiative to boost Africa’s carbon credit production 19-fold by 2030 drew hundreds of millions of dollars in pledges on Monday, as Kenyan … Read more