UK-based integrated energy development and investment company, Konexa, has achieved financial close on a combined $18 million investment to establish private renewable electricity trading platform and connect Nigeria Breweries Plc, its first client, to the grid. The funding for the renewable electricity project, which is supported by climate-centric blended finance fund manager Climate Fund Managers (CFM) […]
European Union (EU) antitrust regulators have extended their decision on whether or not to clear Facebook’s purchase of U.S. customer service startup – Kustomer – to January 7, 2022. A news report by Reuters indicated that a European Commission filing showed on Wednesday the extension of the deadline for a second time was sequel to […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]
European Union (EU) member-states have confirmed the exchange of information in 2017 on nearly 9 million financial accounts with a total balance of almost €3 trillion A report published by the European commission on the exchange of information on Monday indicated that EU transparency rules led to member-states to compile and share data from 8.7 […]
The European Commission on Friday announced the approval under EU State aid rules to extend the existing Danish tonnage tax scheme to additional types of vessels. The measure is expected to encourage ship registration in Europe and contribute to the global competitiveness of the sector without unduly distorting competition. By the latest fiscal measure Denmark […]
The African Development Bank, with some global development partners, on Tuesday disclosed that the sum of $1 billion had been secured to support investment in infrastructure development in Africa. The AfDB and its supporting partners in the multi-level securitization finance, include the European Commission, Mariner Investment Group, LLC, Africa50 and Mizuho International Plc. The continental […]