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IMF approves US$187 million disbursement

… to entrench macroeconomic stability The International Monetary Fund (IMF) recently completed the country’s second review of the 38-month extended credit facility (ECF) arrangement. According to IMF, the completion of the second review of the ECF arrangement allows for an immediate disbursement of SDR 139.88 million (about US$187 million), bringing …

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Kansanshi joins efforts to reduce plastic pollution

With the production and consumption of plastics having skyrocketed over the past few decades, FQM’s Kansanshi Mining PLC has joined the call to action in enhancing efforts to reduce plastic pollution and seek sustainable alternatives. However, transitioning to more sustainable practices, such as recycling and adopting alternative materials, can lead …

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Caterpillar develops first battery electric prototype

Caterpillar Inc. has successfully demonstrated its first battery electric prototype for an underground mining truck. According to the company, the development is added to the company’s growing portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving …

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Technology to drive oil, gas industry methane emission targets

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

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AfDB reiterates warning on carbon border tax

The African Development Bank has reiterated that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of …

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