Australian-listed Invictus Energy Ltd IVZ.AX has started drilling one of two exploration wells for oil and gas in the northern part of Zimbabwe, Reuters reported on Monday. The 3.5 kilometre (2.17 miles) deep well, situated in the Muzarabani-Mbire area, is part of the Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through…
Barely a week after the oversight committee of the Parliament Portfolio Committee on Minerals and Energy had departed, the Free State town of Jagersfontein received yet another deluge on Tuesday night from the collapsing walls of Jagersfontein tailings. Whilst the collapse did not occur in the sleepy hours of the morning, roads were reportedly immediately…
A global coalition of 108 leading wind energy companies and associations, representing 81 percent of installed wind energy worldwide, has challenged governments to take dramatic action to scale up wind and renewable energy in this decade. In a 16-page statement issued world-wide titled Global Energy Manifesto for COP27, the Coalition called for annual global wind…
South Africa’s Presidential Climate Finance Task Team has their work cut out for them: in a few weeks the team will have to thrash out and publish details of the US$8.5 billion just energy transition partnership ahead of COP27 in Sharm El-Sheikh, Egypt in November 2022. According to the Presidential Climate Commission’s First Annual Review…
While global investment in renewable energy has increased, a new Bloomberg report shows that half of the countries that pledged to phase out coal at the COP26 talks saw an increase in coal generation in 2021. The continued use of coal-fired energy has resulted in a 7% increase in sector emissions beginning in 2021. More…
With the global rush to wean economies off fossil fuels, Total Energies and Shell are racing against the clock to make hay while the Just Transition sun shines on oil, fueling hopes that Namibia’s largest oil discoveries since independence could double its economy by 2040. Total Energies and Shell announced earlier this year that they…
Business groups have urged the South African government to postpone the implementation of new carbon tax increases until after 2035. Business Unity South Africa (Busa), Business Leadership South Africa (BLSA), and others have called for the government to consider a higher carbon price only “after 2035,” a delay in annual carbon tax increases until “at…
Global cybersecurity and digital privacy company Kaspersky says as cyberattacks on pipelines, water pumping stations and manufacturing plants hit the news, customers and investors are growing more aware of the need for organisations to take responsibility for the protection of their potential cyber vulnerabilities. Cybercrime can have a significant impact on businesses, and cybersecurity…
The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund and the African Union Commission (AUC), have announced the African Women Impact Fund (AWIF) Initiative’s achievement of its first commitment of USD$60 million. The announcement was made at…
Inpixon, the Indoor Intelligence company, Monday announced a collaboration agreement with Schauenburg Systems, an original-equipment manufacturer of mine safety systems and equipment, to sell Inpixon’s real-time location technologies to mining companies in South Africa. Under the agreement the parties will aim to achieve sales of hundreds of thousands of nanoLOC chips and other core technologies…
