Commodity Port has been engaged by a credible multinational buyer to source crude oil suppliers willing to deliver up to 15 million barrels. Commodity Port is currently compiling a shortlist to present back to the client and are keen to hear from suppliers that can
The Honorable Minister of Infrastructure of Rwanda, James Musoni, officially launched on November 1, 2016, the SE4All Action Agenda, during the iPAD Rwanda Energy Infrastructure Forum that gathered international stakeholders, financiers, industry experts, and Government representatives. During his speech, the Minister highlighted the commitment of
The African Development Bank’s agenda for transforming Africa’s agriculture was lauded at the 5th KOAFEC Ministerial Conference held in Seoul, South Korea’s capital.The Bank recognises the potential of Africa to become a global powerhouse in food and agribusiness, lifting millions out of poverty. For this
Korea’s exports to Africa represented just 1.5% of its total exports in 2015, while Africa’s exports to Korea accounted for only 1.2% of total imports. “A lot more can be done,” Akinwumi Adesina, President of the African Development Bank, told the gathering of business and
Launched in 2012, the Menengai Geothermal Development Project seeks to develop a geothermal steam field meant to produce enough energy for 400 MW power generation facilities by the private sector and/or in partnership with Government. It aims at addressing Kenya’s increasing demand for power, at
Prices for most commodities, including oil, are forecast to rise in 2017 as a long period of declining prices appears to be bottoming out, according to the October Commodities Markets Outlook. Oil prices are forecast to rise to $55 per barrel next year from $43
Crude oil futures jumped to their highest level in over 10 months on continuing reports of ongoing supply disruptions in Nigeria as a result of attacks on the country´s energy infrastructure by militants. However, after the close of trading, Nigerian officials announced that the decision