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  • About Tamale Drug Abuse Menace and Court Trial Incident

    About Tamale Drug Abuse Menace and Court Trial Incident

    One of the Northern region’s development oriented organizations, the Dagbon Forum(DF), has appealed to the Chief Justice to intervene so as to ensure that, the on-going trial of a suspect for allegedly dealing in drugs at the Tamale Circuit Court, is not unduly delayed.

    This, DF noted, is in view of the recent sad incident that occurred at the court premises during the recent sitting on the case resulting into people sustaining injuries.

    It also took cognizance of what negative implications in adjourning a case without giving a definite date would have on a speedy and smooth adjudication of the case while also expressing its sympathies to all the injured during the incident.

    The entire Dagbon it noted, is deeply concerned about the drug menace which is slowly eating into the fabric of our society and we humbly implore the judicial service to ensure speedy justice in cases involving drugs, in order to curb the menace and end the gradual destruction of our youth whose lives and future are at stake.

    Many Dagbon communities it underscored, have long been plagued by the destructive activities of tramadol peddlers who exploit vulnerable individuals, particularly the youth leading them down a perilous path of addiction and despair and only speedy dispensation of justice can stem the tide.

    These were contained in Press Release issued in Tamale, Sunday.

    We urge our law enforcement agencies in Dagbon, the release continued, especially those in Tamale to embrace the interest of the public in the drug cases and see it as a sign of public support for them in their efforts to sanitize the community of this cancerous menace, rather than feeling antagonized.

    DF firmly believes, it said, that it is the collective responsibility as citizens of Dagbon to protect the future of Dagbon from the perils of drug addiction.

    DF while applauding the bravery of the Aboabo/Poloya Fong AntiDrug Taskforce for their dedication to this cause as well as their unwavering commitment to the wellbeing of Dagbon’s youth, also called upon all citizens and residents of Dagbon as well as, all well-meaning groups and individuals nationwide to unite against the scourge of drug trafficking and addiction.

    Dagbon Forum also appealed to the public to be mindful of the disruptions massing up can cause to the smooth and speedy flow of the court processes.

    “Much as DF would not encourage the public to mass up at the premises of the Courts in the subsequent sittings, it clearly demonstrates the eagerness and resolve of the people to salvage our current and future generations from the consumption of those destructive hard drugs.

    “Dagbon Forum is therefore appalled by the high-handedness with which the police handled the crowd that day. Dagbon Forum holds the view that the police in the cause of their training are trained on how to handle unarmed civilians during crowd control.

    “Equally disturbing are the cases of seized and missing motorbikes owned by members of the public who gathered at the Court premises. This is least expected of a policeman who is trained and employed to maintain law and order. DF therefore calls on the Police authority to take the matter seriously and deal with the said officers drastically if the allegation is proven to be true.

    “DF wish to appeal to the police authorities to appreciate the interest the public has in the trial of Alhaj Osman and therefore ensure the safety and security of all parties involved and the broader community during the subsequent hearings.” the release added.

     

     

     

     

     

  • Message from Rugby Africa President Herbert Mensah to South Africa’s Springbroks amidst the 2023 Rugby World Cup

    Message from Rugby Africa President Herbert Mensah to South Africa’s Springbroks amidst the 2023 Rugby World Cup

    CAPE TOWN, South Africa, September 10, 2023/ — As South Africa prepares for their opening game today, Herbert Mensah, the newly elected President of Rugby Africa, (www.RugbyAfrique.com), the continental governing body of rugby across Africa, issues letter addressed to Mark Alexander, President of the South Africa Rugby Union:
    A warrior fights with courage, not with anger. African proverb
    From the four (plus) corners of the greatest continent in the World, AFRICA We wish You, The Springboks well. We stand by You as we love, respect and honour You and with all the collective strengths of our Gods and our Ancestors We pray for You!
    You are “Our” World Champions (1995, 2007 and 2019) …. all 1.3 billion of us. You give us hope and send the message that the rainbow stretches from Ras ben Sakka (most northerly point of Africa) to the Cape Aglhas (South Africa) and from Cape Verde Peninsula (most westerly point of Africa) to Xaafuun (Hafun) Point, near Cape Gwardafuy, Somalia (most Easterly point of Africa).
    Rugby Africa watched with keen interest as head coach Jacques Nienaber named the South Africa Rugby World Cup squad and we knew that this squad would be ready for the battle. Winners all. What will the opposition squad do with seven mighty forwards on the bench

    FORWARDS                                                            
    Props
    Vincent Koch
    Ox Nché
    Frans Malherbe
    Trevor Nyakane
    Steven Kitshoff
    Hookers
    Bongi Mbonambi
    Malcolm Marx
    Locks
    Marvin Orie
    RG Snyman
    Jean Kleyn
    Eben Etzebeth
    Back-rows
    Marco van Staden
    Jasper Wiese
    Kwagga Smith
    Pieter-Steph du Toit
    Duane Vermeulen
    Siya Kolisi (captain)
    Utility forwards
    Franco Mostert
    Deon Fourie
    BACKS
    Scrum-halves
    Faf de Klerk
    Jaden Hendrikse
    Grant Williams
    Cobus Reinach
    Fly-halves
    Manie Libbok
    Damian Willemse
    Centres
    Andre Esterhuizen
    Jesse Kriel
    Damian de Allende
    Back-three
    Canan Moodie
    Cheslin Kolbe
    Makazole Mapimpi
    Kurt-Lee Arendse
    Willie le Roux
    Mark from the tribes of the Zulu, Masaai, Berbers, Fula People, Nubians, Somalis, Oromo People, Shona People, Habesha Peoples and my own Ashanti representing some of the most famous warriors in our history, We are ready to share and carry your pain and propel you to victory.
    We are proud of You
    Herbert
    Distributed by APO Group on behalf of Rugby Africa.
    Media contact:
    Nicole Vervelde
    Communications Advisor to the President of Rugby Africa
    rugby@apo-opa.com

  • Dagbon delegation signs condolence book for late Ga Manye

    Dagbon delegation signs condolence book for late Ga Manye

    A delegation from Dagbon, sent by the King of Dagbon, Ya Na Abubakari II, has signed the book of condolence opened in memory of the late Ga Manye, Naa Dedei Omaedru III.

    The delegation presented items including schnapps, 20 boxes of water, and 2,000 Ghana cedis (GH₵2,000) towards the funeral.

    The late Ga Manye, Naa Dedei Omaedru III, passed away in December last year and burial rites are expected to commence on October 23.

    The Paramount Chief of Sing in the Kumbungu District in the Northern Region and Leader of the Ya-Na delegation, Singlana Alhaji Iddi Lansah Seidu II, expressed his deepest condolences to the Ga state in an interview with Citi News.

    “It is always sad to lose a personality in the capacity of the Ga Traditional Paramount Queen Mother. So the whole of the Dagbon state mourns with our brothers the Ga people for the loss of our mother and aunt. We are telling them to take consolation in the fact that it is God who gives, and it is God who takes away.”

    “Whoever loves God so much, God also loves that person very much. And we are praying that God will replace her with a better person to uphold the unity of the Ga state,” he stated.

    Credit(CITINEWS.COM)

  • AFRY is again awarded with the highest Platinum level in EcoVadis Sustainability rating

    AFRY is again awarded with the highest Platinum level in EcoVadis Sustainability rating

    By:Mohammed A. Abu

    AFRY has once again received the highest Platinum rating in EcoVadis’ global sustainability and social responsibility rating an  official source disclosed in Stockholm,Friday.

    With a total score of 79 out of 100 AFRY is placed among the top 1 percent of all assessed companies in sustainability performance in EcoVadis rating.

    EcoVadis is the world’s largest and most trusted provider of business sustainability ratings. The assessment examines performance across 21 indicators in four themes: Environment, Labour & Human Rights, Ethics and Sustainable procurement.

    The methodology is built on international sustainability standards, including the Global Reporting Initiative, the UN Global Compact, and the ISO 26000, covering 200 spend categories and 160+ countries.

    “Receiving the highest sustainability ranking in EcoVadis is a testament to our dedication to not only meet today’s environmental and social challenges but also to pave the way for a more sustainable future.

    It reflects our commitment to responsible practices, innovation, and to accelerate the sustainability transition” says Henrik Tegnér, Head of Strategy and Sustainability at AFRY.

    “Sustainability is an integral part of AFRY’s business strategy, and this commitment is reflected in our mission to accelerate the transition towards a sustainable society.

    “AFRY’s aim is to deliver sustainable solutions for generations to come and take responsibility for the impact we have as a company”.Mr.Tegner intimated.

    For further information, please contact: Andrea Giesecke, Head of PR and Sustainability Communication Andrea.giesecke@afry.com 0046762655216

  • Islamic Banking Kicks Off In Uganda As BoU Issues 1st License To Salaam Bank Ltd

    Islamic Banking Kicks Off In Uganda As BoU Issues 1st License To Salaam Bank Ltd

    By Frank Kamuntu

    Uganda’s central bank has issued its first Islamic banking license since the country passed legislation to accommodate Shariah-compliant finance activities in June.

    The license went to Salaam Bank Ltd., a unit of Djibouti-based Salaam African Bank, the Bank of Uganda said in a statement Friday.

    The adoption of Islamic finance, which doesn’t allow the charging of interest, could unlock significant growth in East Africa’s third-biggest economy by attracting customers who have avoided traditional lenders on religious grounds.

    Shariah-compliant assets are among the world’s fastest-growing financial instruments and are forecast to reach $3 trillion worldwide in the next decade, from about $2.1 trillion at the end of 2016.

    “We believe that Islamic banking has the potential to make a significant contribution to the development of Uganda’s financial sector,” the central bank’s Deputy Governor Michael Atingi-Ego said in the statement.

    Salaam African Bank entered the Ugandan market last year through the acquisition of Top Finance Bank Ltd. — part of a broader strategy to expand in East Africa.

    The Ugandan parliament authorized Islamic banking in the country in June.

    CREDIT(SWIFT DAILY NEWS) 

  • Nuclear energy to supercharge global clean energy transition: ENEC CEO

    Nuclear energy to supercharge global clean energy transition: ENEC CEO

    ENEC’s CEO highlighted how nuclear can sustainably power energy intensive industries such as datacenters, which utilise 4-5 per cent of total global power supply

    Mohamed Ibrahim Al Hammadi, managing director and CEO of the Emirates Nuclear Energy Corporation (ENEC), showcased the role of nuclear technology in decarbonising hard-to-abate sectors during the World Nuclear Symposium 2023, which took place from September 6-8 in London, UK.

    Al Hammadi along with Dr Angela Wilkinson from the World Energy Council, Todd Noe, director of Nuclear Technologies Engineering at Microsoft, and Mikal Boe, CEO of Core Power, participated in the discussion session titled ‘Achieving End-users Decarbonization Goals with Nuclear Energy’.

    During the discussion, Al Hammadi highlighted how nuclear technology can sustainably power energy intensive industries. These include artificial intelligence (AI) and data centres.

    These centres alone utilise 4-5 per cent of total global power supply, and this will only grow as greater digitalisation occurs.

    UAE is harnessing the potential of nuclear energy, says ENEC CEO

    “The UAE is a success story for harnessing the potential of nuclear energy to create a range of clean products through the Barakah Nuclear Energy Plant. Today, we are supporting the green industrialisation by providing clean electricity and enabling Clean Energy Certificates. They play an important role in decarbonising businesses and helping unlock global ESG funds, which are valued at $30tn and forecast to double by 2030,” the ENEC CEO explained.

    During the discussion, Al Hammadi also stated how essential nuclear energy is to net zero, and how it can supercharge the energy transition. With urgent global collaboration, nuclear energy can be scaled up to meet energy challenges.

    He also mentioned that through recognising nuclear energy as a key clean source for decarbonising and ensuring its prominence in conversations at events such as COP28, the industry can obtain the necessary support to have the impact required to achieve net zero.

    The development of the Barakah Nuclear Energy Plant in the UAE is a catalyst for innovation and R&D in new areas, including small modular reactors which are a key part of the future growth of ENEC, alongside other next-generation technologies.

    Nuclear energy and the Barakah Plant are bridges to future fuels such as clean hydrogen and other clean molecules.

    Other topics covered at the symposium included ‘Fueling Our Nuclear Future: The Nuclear Fuel Report 2023,’ ‘People First: Leading the Industry to Success,’ ‘Investing in Nuclear,’ and ‘Optimizing Plant Life Performance (in collaboration with WANO).’

    SOURCE

    GULFBUSINESS

     

  • G20 summit: UAE, Saudi Arabia, India, US announce historic trade corridor deal

    G20 summit: UAE, Saudi Arabia, India, US announce historic trade corridor deal

    BY MARISHA SINGH

    SEPTEMBER 10, 2023

     The UAE, Saudi Arabia, India, EU, US and other G20 partners agreed to explore a shipping corridor project to augment trade between Europe and Indian subcontinent

    The leaders of the world’s biggest economies announced a landmark deal that creates a multinational rail and ports link through the Middle East and South Asia. The India-Middle East-Europe Economic Corridor agreement was announced on Saturday at the first day of the G20 summit in New Delhi.

    The US, Saudi Arabia, EU, UAE and other G20 partners agreed to explore a shipping corridor project to augment trade between Europe and India. It aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from South Asia through the Gulf to Europe.

    G20 backdrop for historic deal

    A memorandum of understanding for the deal was set to be signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the US and other countries on the sidelines of the summit.

    US President Joe Biden said it was a “real big deal” that would bridge ports across two continents and lead to a “more stable, more prosperous and integrated Middle East.”

    He said at an event announcing the pact that it would unlock “endless opportunities” for clean energy, clean electricity, and laying cables to connect communities.

    The US President thanked UAE President Sheikh Mohamed bin Zayed for his key role in securing the milestone rail and ports deal linking the Middle East and South Asia.

    “I do want to say thank you, thank you, thank you,” Biden said at an event to unveil the initiative. “I don’t think we’d be here without you.”

    The establishment of the corridor aims to significantly enhance connectivity and integration between participating countries and will be comprised of two different pathways – the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe.

    The cross-border ship-to-rail transit corridors will reduce shipping costs across the network and facilitate trade in goods and services to, from, and between the UAE, Saudi Arabia, India, and Europe.

    India’s Prime Minister Narendra Modi said, “Today, as we embark upon such a big connectivity initiative, we are sowing the seeds for future generations to dream bigger.”

    The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce, Jon Finer, the US deputy national security adviser, told reporters at the bloc’s annual summit in New Delhi.

    “Linking these key regions, we think, is a huge opportunity,” said Finer.

    No immediate details of the value of the deal were available.

    UAE, India talks

    The UAE President Sheikh Mohamed and Prime Minister Narendra Modi met on the sidelines of the summit to discuss strengthening economic partnerships between the two countries.

    The leaders discussed boosting their Comprehensive Economic Partnership Agreement (CEPA) and other “promising opportunities”, as per state news agency WAM.

    Sheikh Mohamed and Modi touched on topics including reinforcing bilateral co-operation, especially in the economic, investment, development, renewable energy and food security sectors as both countries seek sustainable growth.

    They also addressed the importance in accelerating mutually beneficial action in the areas of sustainability, environmental conservation and climate change mitigation, aside from regional and international developments of mutual interest.

    Saudi Arabia, US sign MoU

    Saudi Arabia and the US additionally announced the signing of a memorandum of understanding for developing a protocol for establishing intercontinental green transit corridors through the kingdom to connect the continent of Asia with the continent of Europe, on the sidelines of the summit.

    The project aims to facilitate the transit of renewable electricity and clean hydrogen via transmission cables and pipelines, as well as constructing rail links.

    It is also intended to enhance energy security, support efforts for the development of clean energy, promote the digital economy through digital connectivity and transmission of data via fiber cables, and promote trade and transportation of goods by rail and through ports.

    SOURCE

    GULF TIMES

     

     

     

     

     

     

     

     

  • Stop Sitting on Blocks: Participate in the AEW 2023 African Farmout Forum

    Stop Sitting on Blocks: Participate in the AEW 2023 African Farmout Forum

    By: N.J.Ayuk

    Africa’s oil and gas wealth will go to waste unless countries and companies stop sitting on blocks and invest in the production of future energy supplies

    Africa represents one of the final frontiers for hydrocarbon exploration worldwide. At a time when demand for oil and gas is skyrocketing globally and African nations are making great strides towards industrializing their economies, developing untapped oil and gas resources will be instrumental. Yet, the continent continues to see a trend whereby companies acquire blocks and hold onto the asset until someone else makes the investment and carries it to success.

    While this may have worked decades ago, this is not the way to invest in Africa. Holding onto assets without making the financial commitment will not alleviate energy poverty: it simply brings to light ineffective partners and uncommitted companies. The industry is changing, and independents, major E&P firms and investors need to commit or get out and let others take the reins.

    With over 600 million people currently without access to electricity and over 900 million without access to clean cooking solutions, Africa requires a collaborative approach to bringing new supplies on the market. Efforts to industrialize have brought to attention current trends of block inactivity, unexploited acreage and potential markets.

    Governments want to see movement, to see investment, and to see companies fulfilling their financial and exploration commitments. The time is over where companies take an asset without taking the exploration risk. For Africa to unlock the full potential of its resources, companies with intentions to commit need to be connected to blocks, and this is where the African Farmout Forum steps in.

    During this year’s edition of the African Energy Week (AEW) conference and Exhibition – scheduled for October 16-20 in Cape Town – an African Farmout Forum will connect new investors to blocks, foster partnerships to stimulate exploration and kickstart a new era of oil and gas development on the back of block acquisition.

    The African Farmout Forum is spearheaded by financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel, alongside the African Energy Chamber (AEC), and represents a not-to-be-missed event for global upstream players.

    For E&P firms, the African Farmout Forum presents a strategic opportunity to tap into untapped acreage in Africa. The forum hosts policymakers and governments from across the entire African continent, with major plays on show including Angola, the Democratic Republic of the Congo (DRC), Sierra Leone, Kenya and many more.

    National delegations will provide presentations on upcoming licensing rounds, current merger & acquisition activity and future projections for ongoing exploration initiatives. Meanwhile, for countries with unexploited hydrocarbon potential, the forum allows for direct discussions with independents and major players, fostering engagement that allows for new deals to be signed.

    The continent’s proven oil and gas resources currently measure 125 billion barrels of oil and 620 trillion cubic feet (tcf) of gas. However, many markets are yet to reveal the full extent of their hydrocarbon deposits. Nigeria, for example, with proven gas reserves of 200 tcf, likely holds more than 600 tcf in recoverable resources while South Africa likely holds up to 209 tcf of onshore gas. Additionally, countries such as the DRC, Zimbabwe, Sierra Leone, Sudan, Kenya and many more have not fully identified resource quantities, paving the way for fresh discoveries and developments.

    At the same time, many proven oil-rich basins have blocks that are currently not being developed. Companies are either being slow to invest or countries are being relaxed with procedures and timing. If Africa is going to alleviate its energy crisis, spurring long-term economic growth and industrialization on the back of oil and gas, these blocks need to be developed in an urgent manner.

    The African Farmout Forum will introduce companies with oil blocks, permits or licenses to investors and publicly traded companies through interactive executive management presentations. The forum will feature live presentations from company executives and industry experts, with opportunities to engage in Q&A sessions with presenters. This enables collaboration and direct negotiation, eliminating barriers such as lack of clarity. Additionally, the forum offers the chance for stakeholders to schedule one-on-one meetings with company management, further enhancing opportunities for engagement.

    “For small and independent companies seeking liquidity, and large companies looking for a balance of individual and institutional investment, the forum offers attendees the ability to engage with a large number of investors from across the globe. Africa needs to stop this trend of sitting on untapped blocks. If the continent wants to make any progress to industrialize and make energy poverty history, independents, major energy firms, state-owned companies and governments need to proactively develop both on- and offshore acreage,” stated NJ Ayuk, Executive Chairman of the AEC.

    The African Farmout Forum provides companies from across the private and public sectors the unique opportunity to meet, connect and sign deals. Spearheaded by industry experts and featuring numerous upstream market presentations, the forum introduces investors to untapped acreage. Join the African Farmout Forum today and be part of the next wave of upstream success in Africa.

    AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com.

     

  • At Africa Climate Summit, Afrobarometer survey sheds light on the continent’s climate reality: increasing drought, low climate awareness, and call for urgent action

    At Africa Climate Summit, Afrobarometer survey sheds light on the continent’s climate reality: increasing drought, low climate awareness, and call for urgent action

    NAIROBI, Kenya, September 7, 2023/ — The Africa Climate Summit (ACS) kicked off on Monday in Nairobi, Kenya bringing together governments, businesses, international organisations, and civil society. Afrobarometer (www.Afrobarometer.org) led an Action Hub event highlighting Africans’ views on climate change, including perceptions of worsening drought and an urgent need for climate action.

    ACS takes place two months ahead of the United Nations Climate Change Conference of the Parties, COP28 in Dubai, United Arab Emirates, setting the stage for meaningful conversations around climate action.
    At Monday’s TEDx-style event, representatives from the Institute for Development Studies at the University of Nairobi, Afrobarometer’s core partner for East Africa, shared findings from Round 9 surveys in 36 African countries in 2021-2022, shedding light on Africans’ perceptions of climate change.

    Project Manager Sam Balongo revealed that citizens demand urgent government action on climate change: Majorities in all 36 countries want their government to take action now to limit climate change, even if it is costly, causes job losses, or takes a toll on the economy. In 14 countries, 80% or more of citizens who are aware of climate change share this view.
    The findings also show that only about half (52%) of citizens across 36 countries have heard of climate change. Awareness is as high as 80% in Seychelles, 74% in Malawi, 73% in Mauritius, and 70% in Gabon, but as low as 22% in Tunisia and 29% in Botswana.
    Fielding questions from the audience on climate-change awareness Balongo said, “The fact that only half of Africans are aware of this very important issue underscores the urgent need for enhanced education and decisive climate action.”
    Among citizens who are aware of climate change, most say it is making their lives worse. This perception is especially widespread in Madagascar (91%), Lesotho (88%), Mauritius (86%), Malawi (86%), and Benin (85%).
    On the worsening impact of climate change on citizens’ lives, Afrobarometer Assistant Project Manager Anne Okello noted that “about half of Africans say droughts have become more severe over the past 10 years, while one-third say the same about floods.”
    This year’s ACS is organised around four dynamic systems-based tracks, energy systems and industry; cities, urban and rural settlements, infrastructure and transport; Land, ocean, food, and water; and Societies, health, livelihoods, and economies.

    Distributed by APO Group on behalf of Afrobarometer.
    For more information, please contact:
    Daniel Iberi
    Communications coordinator for Eastern Africa
    Telephone: +254 725 674 457
    Email: diberi@afrobarometer.org

     

  • EDITORIAL COMMENT

    EDITORIAL COMMENT

    Mohammed A.Abu

    The exploitation and continuous exploitation of the natural resources of African and other countries associated with colonialism and at the expense of the environmental health in exploited countries has contributed immensely to the present day climate change impact in those countries, some climate justice activists, contend.

    The use of extracted natural resources from the former colonies by former colonial masters for their industrialization, wealth creation and fast tracked development has led to the ever yawning global development/wealth-poverty gap.

    Aside former colonies having been impoverished as a result of the exploitation of their natural resources, their people are also left to bear the brunt of the socio-ecological cost of wealth being made from their natural resources in exchange for a pittance.

    Carbon emissions from the advanced world fueled by the global fossil fuel boom and industrialization in advance wealthy nations is the main driver of the climate change impact African and other exploited countries worldwide, are now being made to endure without any meaningful assistance from the polluters.

    The former NASA scientist James Hansen has estimated that now rich advanced world countries were responsible for 77 percent of all carbon emissions between 1751 and 2006. The United States alone produced 28 percent of carbon dioxide emissions in that period. Other estimates reveal similar disparities: according to the German database PRIMAP-hist, developed countries were responsible for 68 percent of carbon dioxide emissions between 1850 and 2016.

    It is therefore against this background that, we of the Eco-Enviro News Africa magazine finds the call made by African leaders within the context of the Nairobi Declaration on the major polluters and global financial institutions to take full responsibility by committing more resources to help poorer nations, the victims of their wealth making and major pollution, as being on point.

    The Rich Get Richer and Poor Gets Poorer

    The multinational mining and oil and gas corporates from the advanced world belong to the world’s richest one (1) percent who own half of global wealth. Some of them operate in extractive industries in Africa and other parts of the world, and are said to me making too much money from mineral rich African countries through illicit financial transfer(IFFs) while also, impoverishing their host countries and leaving their people to bear the brunt of the environmental mess they had created.

    According to the Economic Development in Africa Report 2020 by the UN Conference on Trade and Development (UNCTAD), Africa loses about US$88.6 billion, 3.7 per cent of its gross domestic product (GDP), annually in illicit financial flows.

    A “UNU WIDER research article published in 2019 said, Tax havens have become a defining feature of the global financial system. Multinational companies can use various schemes to avoid paying taxes in countries where they make vast revenues.An estimated  US$420 billion in corporate profits is said to shifted out of 79 countries every year.

    This equates to about US$125 billion in lost tax revenue for these countries. As a result, their state services are either underfunded or must be funded by other, often lower-income taxpayers. It contributes to rising inequality both within countries across the world.

    According to cnbc.com, the world’s millionaires, richest 1 percent who own half of global wealth were expected to do the best in the coming years. There are now 36 million millionaires in the world, it says, and their numbers were expected to grow to 44 million by 2022.The U.S. still leads the world in millionaires, with 15.3 million people worth $1 million or more.

    The Wealth-Poverty Gap

    Yet commodity export dependent countries among developing countries suffering climate change  impact  are also losing as much as 67 per cent of their exports earnings, worth billions of dollars, due to trade misinvoicing, according to a new study by UNCTAD, which for the first time analyses this issue for specific countries and commodities.

    This research provides new detail on the magnitude of this issue, made even worse by the fact that some developing countries depend on just a handful of commodities for their health and education budgets,” UNCTAD Secretary-General Mukhisa Kituyi said.

    Africa’s Climate Change Impact Snapshot

    The  International Federation of the Red Cross and Crescent Societies reports that in September 2020 alone, torrential rainfall, river floods, and flash floods affected 192,594 people across 22 states in Nigeria (including 826 injuries, 155 fatalities, and 24,134 displacements).

    An estimated 27 to 53 million people in Nigeria ,the report said,might have to relocate with an (0.5 m) increase in the sea level. Sea level rise is threatening other low-lying countries in Africa, with research suggesting that cities like Abidjan, Cape Town, and Dar es Salaam will be totally submerged with (1.0 m) global sea level rise. At the same time, oil and diamond-mine infrastructure in coastal African countries worth trillions of dollars are very susceptible to sea level rise and coastal erosion.

    Climate change is also causing a decrease in productivity of many staple food crops in Africa. About 86 per cent of Africa’s agriculture is rain-fed, implying that even moderate variations in rainfall, temperature and precipitation patterns could have immediate impact on agricultural production.

    Under this unjust world economic and financial order,at which Africa and others have always been  at the receiving end,African governments aren’t  sitting down arms folded and asking for handouts from the rest of the world, but she is doing her bit under the given circumstances. African governments have demonstrated willingness to take strong action on climate change but the world’s most wealthiest minority ought must do the needful now in order  to complement their efforts.

    Climate Actions in Africa

    Nigeria has recently submitted a revised Nationally Determined Contributions that promises 20 per cent Green House Gas emission reduction by 2030. Several other countries like the Gambia, Congo, Malawi, Namibia and Liberia have also submitted revised NDCs.

    Nigeria has raised $60+ million in green bonds; the country has also strengthened its 2030 emission targets with specificity on addressing emissions reductions from the waste sectors and increasing conditional contributions. Malawi and South Africa have developed a fund to finance green growth projects, while Rwanda has created its $11 billion, 10-year Climate Plan, among others.

    To this end, we of the Eco-Enviro News, Africa magazine,wish to state that, the call on the polluters to do more should also be directed categorically at the multinationals engaged in Africa’s extractive industries as the have the money.

    We also support Mohammed Adow’s expert opinion that the most straightforward way that developed nations can address that inequity is through financial transfers and technological support to developing nations.

    In his feature under the title. “The Climate Debt what the West Owe the Rest “published in Foreign Affairs in 2020, Mr. Adow notes that, as part of negotiations under the aegis of the UN Framework Convention on Climate Change (UNFCCC), wealthy countries have agreed in principle to provide $100 billion a year by 2020 to assist their poor counterparts.

    The amount he also notes, is hardly enough to help developing nations adjust to the effects of climate change, receive compensation for loss and damage as a result of extreme weather, and transition to low-carbon economies.

    “Even that funding has not fully materialized, and its lack of implementation suggests a continuing imbalance between the rich and the rest”, he intimated