African Member States Pledge for Nuclear Energy Accession

Mar 18 , 2023


Members of African states pledged to nuclear energy accession following the five-day conference held in the capital. One of the foreseen endorsements is the establishment National Steering Committee. Public-Private Partnership initiation was also recommended for the lack of bankable nuclear-energy projects to attract funding and for the lack of exploitation of multilateral and bilateral cooperation between governments. The Ministry of Innovation and the International Atomic energy Agency finalised recommendations for the road map of Nuclear energy accession across the African member states at the conference held at Inter-Luxury hotel last week. The intergovernmental agreement between member states (AFRA) also recommended a Nuclear law, under a strategic well established regulatory authority, to solve the delay in the incompleteness and promulgation of nuclear laws and regulations. The non-existent or expiring Country Program Framework, as well as a non-submission of the country's annual report, has been a challenge for some African countries. Increasing the partnership between institutions and UNDP for procurement procedures has been recommended for there has been a delay in procurement from the Agency, according to National Liason Officer for Nigeria, Yusuf Ahmed.


Radar

Capital Market Authority Extends Public Company Registration Deadline, Warns Against Unlicensed Investment Bank

Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension for publicly held companies to register, setting the new deadline for April 9, 2025. The extension applies specifically to companies with over 50 shareholders, who are required to submit comprehensive documentation across all industries. Mandatory details include the total number of shareholders, the total number of shares issued, fully paid shares, subscribed shares, and the value of shares on the reporting dat...


Radar

State Corps Post Growth Eyeing Innovation, Market Expansion

The Ethiopian Insurance Corporation (EIC) generated 9.34 billion Br in written gross premiums, marking a considerable 51.7pc increase compared to the same period last year. The Corporation's profit reached 1.2 billion Br, exceeding its planned target by 15pc and increasing by 62.7pc from last year's corresponding period. Executives of Ethiopian Investment Holdings (EIH), Ethiopia's sovereign fund that owns state enterprises, commended EIC for its achievements and provided strategic guidance t...


Radar

Ethiopian Airlines, AfDB Forge Partnership for Bishoftu International Airport Project

The Ethiopian Airlines Group has signed a letter of intent with the African Development Bank (AfDB) to launch a partnership for the ambitious Bishoftu International Airport Project. Mesfin Tasew, CEO of Ethiopian Airlines, and Nnenna Nwabufo, vice president of Regional Development, Integration & Strategy at AfDB signed the agreement. The two officials expressed their intent to consolidate the existing partnership through strategic and innovative engagements to benefit Ethiopia and the wid...