“It is shocking that financial institutions that do business in Africa continue to practice financial apartheid by cutting off capital and financing to oil and gas companies operating in Africa because of climate concerns. These same institutions fund gas development in Europe, where natural gas is deemed green and a fossil fuel for Africans,” says NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

SOUTH AFRICA: The Maritime Business Chamber (MBC) and EThekwini Maritime Cluster (EMC) recently signed a Memorandum of Understanding (MoU) with the objective of addressing a number of critical areas in the maritime industry aimed at training, transformation and business support.

Recognising the threat posed by maritime employees who make use of their authorised access to perpetrate a security breach within their companies, the International Maritime Organisation (IMO) has released a toolkit to help the industry respond better.

COMOROS: The islands of Comoros has received a major boost to finance its maritime and port ambitions following the approval of a $135 million package from African Development Bank in support of the Maritime Corridor and Regional Trade Facilitation Project (PACMFCR).

SOUTH AFRICA: Transnet National Ports Authority (TNPA) officially launched two new launch boats, built in the Sandock Austral Shipyard in Durban yesterday.

SOUTH AFRICA: Salvage efforts to stabilise the wreck of the Ultra Galaxy are ongoing ahead of the issuing of a further tender for a full wreck removal following a directive from the South African Maritime Safety Authority (SAMSA) to owners.  

CAMEROON: The establishment of an African Union Institute for Blue Economy and Technology was proposed during a consultative workshop funded by the Kingdom of Norway to finalise a strategy to shape a Blue Economy Strategy for Cameroon.

LIBERIA: Commander Norm Witt, a retired member of the US Coast Guard, has been appointed as Vice President, Port State Control Affairs of the Liberian Ship Registry.