Ivory Coast

Ivory Coast to establish $500 mln green financing fund

Ivory Coast will develop a $500. million green financing fund to support sustainable development. efforts, the International Monetary Fund (IMF) stated in a. statement. Africa's 54 countries have borne the force of climate. change, despite releasing far less contaminating emissions than the. industrialised world. They receive just 1% of annual global. climate finance. Ivory Coast's new center will be developed under the. African Green Banks Effort, a platform working to create a. $ 1.5 billion community of green investment facilities by 2030 on. the continent. The facility will be capitalised by public sources such as. the Ivory Coast's government, the

Mineral Resources

Endeavour Mining targets 200,000 oz/year of gold from Ivory Coast mine

Cocoa traceability rates stop working to improve as EU deforestation law looms

The volume of cocoa in Ivory Coast and Ghana that can be completely traced did not increase last year, a major UNbacked report has discovered, raising concerns about how the world's leading 2 cocoa growers will comply with a. brand-new EU law prohibiting the import of products connected to. logging. The brand-new law next year will need importers of commodities. and associated items to show their items weren't grown on. deforested land by, amongst other procedures, tracing their supply. chains down to the plot where their raw materials were grown. The report, released by the Cocoa and Forests Initiative. (

Climate Change

Environment modification costs Africa approximately 5% of GDP, UN environment head states

African governments looking to police top for higher environment financing share

African nations want to use this year's U.N. COP conferences to secure a much larger share of worldwide climate financing, their agents stated at a. conference in Kenya on Thursday, to help deal with the increased. threats from climate modification. African arbitrators have drawn up a list of methods which. will exist to a pre-COP 29, or Conference of the Celebrations,. preparatory conference of African ministers of environment in Ivory. Coast next month. The 54-nation continent has actually been attracting more funds for. climate mitigation and adaptation jobs recently, but. it still gets less than 1% of the worldwide environment

Oil & Gas Exploration

Glencore's ex-head of oil charged with bribery offenses by UK fraud agency

Glencore's former head of oil Alex Beard has actually been charged with bribery offenses relating to the Swiss commodity trader's operations in Africa, Britain's Serious Scams Office (SFO) stated on Thursday. Beard, 56, is charged with 2 conspiracies to make corrupt payments to government officials and authorities of state-owned oil business in Nigeria in between 2010 and 2014 and in Cameroon between 2007 and 2014, the SFO stated. He is among five ex-Glencore staff members charged with conspiracy to make corrupt payments and is the most high-profile commodity trader to have been charged in Britain for declared corruption. Beard joined

Ivory Coast abundant rains could boost cocoa mid-crop, farmers state